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Calculate Jocasta adjusted basis in the building

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Reference no: EM132704409

Problem - Jocasta owns an apartment complex that she purchased 6 years ago for $750,000. Jocasta has made $60,000 of capital improvements on the complex, and her depreciation claimed on the building to date is $137,500. Calculate Jocasta's adjusted basis in the building.

Reference no: EM132704409

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