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Determine Wendy cost recovery deduction

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Reference no: EM132667567

Problem - On August 2, 2019, Wendy purchased a new office building for $3.8 million. On October 1, 2019, she began to rent out office space in the building. On July 15, 2023, Wendy sold the office building.

Required -

a. Determine Wendy's cost recovery deduction for 2019.

b. Determine Wendy's cost recovery deduction for 2023.

Reference no: EM132667567

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