On March 14 of year 1 Javier purchased a building, including the land it was...
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Accounting
On March 14 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,475,500; $328,000 was allocated to the basis of the land and the remaining $1,147,500 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
B.) What would be the year 3 depreciation expense if the building was sold on January 8 of year 3?
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