What is the adjusted basis of the property, Accounting Basics

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What is the adjusted basis of the property

Question: An investor purchases a small investment property for $320,000, which appreciates by 30% over five years. During that time, $25,000 per year is taken in depreciation allowances for tax purposes. What is the adjusted basis of the property at the end of year five?

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Accounting Basics: What is the adjusted basis of the property

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Accounting Basics: What is the adjusted basis of the property

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