Terry purchased and placed into service a building that, Financial Accounting

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Terry purchased and placed into service a building that

On April 5, 2015, Terry purchased and placed into service a building that costs $2 million. An appraisal determined that 25% of the total cost was attributed to the value of land. The bottom floor of the building is leased to a retail business for $32,000. The other floors of the building are rental apartments with an annual rent of $160,000. Determine Terry's cost recovery deduction for 2015

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