Carlos purchased an apartment building on november 16, 2017, for $3,000,000. determine the cost recovery for 2017.
a. $9,630
b. $11,910
c. $13,950
d. $22,740
e. none of the above

option C

Explanation:

given,

Cost apartment building on November 16, 2017 of cost  = $3,000,000

Cost of recovery for 2017                                                          

Cost of recovery is defined as the method to recover the expenditure  from the business.                                                                          

In simple word we can say that Cost of recovery is recovering the expense.

Cost of recovery = 0.00445 x $3,000,000

                             = $13,350                      

hence, the correct answer is option C

answer the law of increasing costs;