39. Simpson Company, a calendar year taxpayer, acquires an apartment building on May 22, 2023 for $800,000. What is the maximum cost recovery deduction it may take for 2022? a. $25,911. b. $18,297. c. $31,365. d) None of the above. e. $22,617.

39. Simpson Company, a calendar year taxpayer, acquires an apartment building on May 22, 2023 for $800,000. What is the maximum cost recovery deduction it may take for 2022? a. $25,911. b. $18,297. c. $31,365. d) None of the above. e. $22,617.

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter5: Corporations: Earnings & Profits And Dividend Distributions

Section: Chapter Questions

Problem 41P

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Question

39. Simpson Company, a calendar year taxpayer, acquires an apartment building on May 22, 2023 for $800,000.
What is the maximum cost recovery deduction it may take for 2022?
a. $25,911.
b. $18,297.
c. $31,365.
None of the above.
e. $22,617.

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