Jose purchased a house for 175000 in 2005 he used the house


Jose purchased a house for $175,000 in 2005. He used the house as his personal residence. In March 2008, when the fair market value of the house was $255,000, he converted the house torental property. What is Jose's cost recovery for 2008?

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Accounting Basics: Jose purchased a house for 175000 in 2005 he used the house
Reference No:- TGS0597089

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