Bhaskar purchased a new factory building and land on September 10,2016,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 2017.
A)$23,328
B)$80,000
C)$82,048
D)$92,500
E)None of the above

Question

Quizplus · Accepted Answer

The Answer of Bhaskar purchased a new factory building and land on September 10,2016,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 2017.
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