Bhaskar purchased a new factory building on September 10,2014,for $3,700,000.Five hundred thousand of the purchase price was allocated to the land.He elected the alternative depreciation system (ADS).Determine the cost recovery deduction for 2015.
A)$23,328
B)$80,000
C)$82,048
D)$92,500
E)None of these

Question

Quizplus · Accepted Answer

.025 × $3,200,000 = $80,000.

Bhaskar Purchased a New Factory Building on September 10,2014,for $3,700,000