What is the cost basis of the go-cart track for


You paid $765,000 for a property, of which $310,000 was for the land and the rest was for the house. You decided to spend $45,000 to demolish the house and $580,000 to build a go-cart track. What is the cost basis of the go-cart track for depreciation purposes?

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Financial Management: What is the cost basis of the go-cart track for
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