Harold purchases land and a building by paying cash of $35,000, and assuming the selle

r's $82,000 mortgage.In addition, Harold pays $3,000 of legal fees related to the purchase.For property tax purposes, the land is valued at $17,000 and the building at $34,000.Harold's basis in the building is()

A、$17,000

B、$34,000

C、$40,000

D、$80,000

E、$120,000

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第1题

In 2018, Sanford Corporation purchases and places in service $3,370,000 of equipment for its manufacturing business.What portion of the $3,370,000 may Sanford elect to treat as a Section 179 expense?()

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第2题

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第4题

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