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Carlos purchased an apartment building on November 16, 2017, for $3,000,000. Determine the cost recovery for 2017.a. $9,630b. $11,910c. $13,950d. $22,740e. None of the above

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Answer:

e. None of the above

Explanation:

Statement showing Computations  

Paticulars                      Amount

Cost of building              3,000,000.00

Cost recovery deduction  3,000,000 *.00455            

 the cost recovery for 2017 is 13,650.00

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