Ask a New Question

Della purchased a warehouse on Feb. 25, 2017 for $350,000. $45,000 of the price was for land. What is her cost recovery deduction for 2017?

How do I figure this??

1 answer

you can apply Cost Recovery to the building only. https://goodcalculators.com/macrs-depreciation-calculator/

You need a tax accountant.

Ask a New Question or answer this question.

Similar Questions

. Della purchased a commercial warehouse which has a 39 year life on February 25, 2011, for $350,000. $45,000 of the price was
1. 0 answers
Della purchased a warehouse on February 25, 2011, for $350,000. $45,000 of the price was for the land. What is her cost recovery
1. 1 answer
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
1. 1 answer
The Gift of the MagiHow much was Della's weekly rent? How much money does her husband make per week? For what purpose is Della
1. 1 answer

more similar questions