Assume that in 2018, the first edition of a comic book was sold at auction for $632,600. The comic book was originally sold in 1935 for $.10. For this to have been true, what was the annual increase in the value of the comic book? Annual increase: ____%

Assume that in 2018, the first edition of a comic book was sold at auction for $632,600. The comic book was originally sold in 1935 for $.10. For this to have been true, what was the annual increase in the value of the comic book? Annual increase: ____%

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 38P

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Assume that in 2018, the first edition of a comic book was sold at auction for $632,600. The comic book was originally sold in 1935 for $.10.

For this to have been true, what was the annual increase in the value of the comic book?

Annual increase: ____%

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