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You pay 500000 for a house and the land that it is on the

You pay $500,000 for a house and the land that it is on. The land is valued at $195,000 and the house is valued at $305,000. You decide to demolish the house ($20,000 demolition cost) and build a go-cart track at a cost of $750,000. What is the cost basis of the go-cart track for depreciation purposes?

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Business Economics: You pay 500000 for a house and the land that it is on the

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Business Economics: You pay 500000 for a house and the land that it is on the

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