Determine the cost recovery


Response to the following problem:

On August 2, 2011, Wendy purchased a new office building for $3.2 million. On October 1, 2011, she began to rent out office space in the building. On July 15, 2015, Wendy sold the office building.

a. Determine Wendy's cost recovery for 2011.

b. Determine Wendy's cost recovery for 2015.

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Cost Accounting: Determine the cost recovery
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