What is the taxpayer''s depreciable basis in the building


A taxpayer pays $200,000 for land and a building in a single transaction. At the time of the purchase, the land and building were appraised at $120,000 and $180,000, respectively. what is the taxpayer's depreciable basis in the building ?

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Accounting Basics: What is the taxpayer''s depreciable basis in the building
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