Business, 17.01.2020 01:31 sarahppalenz9519
When marcus sent his daughter to college, he purchased a house near campus for $95,000. empty lots in the area sold for approximately $10,000 at the time. after she graduated, marcus decided to keep the house for use as a rental. the fair market value at the time of the conversion was $160,000 and the price of the land had risen to $20,000. the basis for depreciation of the house is ) $85,000(b) $95,000(c) $105,000(d) $140,000
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When marcus sent his daughter to college, he purchased a house near campus for $95,000. empty lots i...
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