How should mrs brown treat the cost of demolishing


During the current year, Mrs. Brown paid $15,000 for the demolition of a warehouse she was using in her business. At the time of the destruction, Mrs. Brown had an adjusted basis in the warehouse of $25,000 and a basis of $12,000 in the land where the warehouse stood. How should Mrs. Brown treat the cost of demolishing the warehouse for federal income tax purposes?

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Accounting Basics: How should mrs brown treat the cost of demolishing
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