Determine janice cost recovery


Janice acquired an apartment building on June 4,2010, for $1.4 million. the value of the land is $200,000. Janice sold the apartment building on November 29, 2016.

a. Determine Janice's cost recovery for 2010

b. Determine Janice's cost recovery for 2016

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Accounting Basics: Determine janice cost recovery
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