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8) You purchased a commercial building and lot for $190,000 on May 3th, 2018. The lot itself was valued at $70,000 when purchased. You sold the lot and building for $350,000 on Mar 15th of 2019. Use MACRS depreciation and note that this property is considered non-residential real property.
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8) You purchased a commercial building and lot for $190,000 on May 3th, 2018. The lot itself was val...
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