Bhaskar purchased a new factory building and land on September 10,2015,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 2016.
A)$23,328
B)$80,000
C)$82,048
D)$92,500
E)None of the above

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The Answer of Bhaskar purchased a new factory building and land on September 10,2015,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 2016.
A)$23,328
B)$80,000
C)$82,048
D)$92,500
E)None of the above

Bhaskar Purchased a New Factory Building and Land on September