36. L0.7 Debra, a sole proprietor, acquired the following new assets during 2023: Determine Debra's...
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36. L0.7 Debra, a sole proprietor, acquired the following new assets during 2023: Determine Debra's cost recovery deductions for the current year. Debra does not elect immediate expensing under 179. She does not claim any available additional first-year (bonus) depreciation. 38. LO.7 Janice acquired and placed in service an apartment building on June 4, 2023, wth a cost of $1,600,000. The value of the land, included in the $1,600,000 purchase price, is $300,000. Janice sold the apartment building on November 29, 2029. a. Determine Janice's cost recovery deduction for 2023. b. Determine Janice's cost recovery deduction for 2029
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