What is the amount of depreciation recapture


Eighteen-year residential real property owned by an individual has accumulated accelerated depreciation of $275,000 at January 1, 2009. If depreciation had been computed under the straight-line method, accumulated depreciation would be $200,000. The property is sold on January 1, 2009 with a recognized gain of $300,000. What is the amount of depreciation recapture?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the amount of depreciation recapture
Reference No:- TGS052564

Expected delivery within 24 Hours