Seymour scagnetti bought an apartment building for 180000
Problem
Seymour Scagnetti bought an apartment building for $180,000 and rented all of the units out to tenants. Land accounted for $30,000 of the purchase price. What is Seymour's depreciable basis for the property?
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problemseymour scagnetti bought an apartment building for 180000 and rented all of the units out to tenants land
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