Diane purchased a factory building on November 15, 1993, for $5,000,000.She sells the factory building on February 2, 2012.Determine the cost recovery deduction for the year of the sale.
A)$16,025.
B)$19,844.
C)$26,458.
D)$158,750.
E)None of the above.

Question

Quizplus · Accepted Answer

The Answer of Diane purchased a factory building on November 15, 1993, for $5,000,000.She sells the factory building on February 2, 2012.Determine the cost recovery deduction for the year of the sale.
A)$16,025.
B)$19,844.
C)$26,458.
D)$158,750.
E)None of the above.

Diane Purchased a Factory Building on November 15, 1993, for $5,000,000.She