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Business, 21.04.2020 19:03 andrewlawton8125

Eric purchased a building in 2008 that he uses in his business. Eric uses the straight-line method for 14)the building. Eric's original cost for the building is $420,000 and cost-recovery deductions are$120,000. Eric is in the top tax bracket and has never sold any other business assets. If the buildingis sold for $560,000, the tax results are

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