On May 30,2015,Jane Purchased a Factory Building to Use for Her

question 36

Multiple Choice

On May 30,2015,Jane purchased a factory building to use for her business.In August 2016,Jane paid $300,000 for improvements to the building.Determine Jane's total deduction with respect to the building improvements for 2016.

• A)$2,889
• B)$4,173
• C)$4,815
• D)$25,000
• E)None of the above

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Definitions:

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.

Proxy

An authority to act on behalf of another person in voting at shareholder meetings or making other decisions.