Define janice''s cost recovery

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Reference no: EM13103678

Janice assimilated an apartment building on June 4, 2010, for $1.4 million. The value of the land is $200,000. Janice sold the apartment building on November 29, 2016.
a) Define Janice's cost recovery for 2010.
b) Define Janice's cost recovery for 2011.

Reference no: EM13103678

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