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2. Bhaskar purchased a new factory building and land on September 10, 2019, for $3,700,000.($500,000...

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Accounting

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2. Bhaskar purchased a new factory building and land on September 10, 2019, for $3,700,000.($500,000 of the purchase price was allocated to the land.) He elected the alternative depreciation system (ADS). Determine the cost recovery deduction for 2020. a. $23,328 b. $80,000 c. $82,048 d. $92,500

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