Question
Della purchased a warehouse on February 25, 2015, for $350,000. $45,000 of the price was for the land. What is her cost recovery deduction for 2015 rounded to the nearest dollar?
Answers
I don't think any of the tutors here are income tax experts. Your text materials should give you guidance on how to calculate this deduction. All I can offer is this, where you might find what you need:
http://www.bing.com/search?q=cost+recovery+deduction+for+2015+income+tax&form=EDGNTC&qs=PF&cvid=f66dfcbb35a74b3c82cd8b1bac8dc4d9&pq=cost+recovery+deduction+for+2015+income+tax
http://www.bing.com/search?q=cost+recovery+deduction+for+2015+income+tax&form=EDGNTC&qs=PF&cvid=f66dfcbb35a74b3c82cd8b1bac8dc4d9&pq=cost+recovery+deduction+for+2015+income+tax
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