What was the book value at the time the resort was sold

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Reference no: EM132056333

Investors in the JMJ Group purchased a hotel restort in April. The group paid $20 million for the hotel resort and $5 million for the grounds surrounding the resort. The group sold the resort 5 years later in August. Calcalte the depreciation deductions for Years 1 through 6. What was the book value at the time the resort was sold?

Reference no: EM132056333

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