Rod paid $1,950,000 for a new warehouse on April 14, 2019. He sold the warehouse on September 29, 2024. Determine the cost recovery deduction for 2019 and 2024.
What will be an ideal response?
2019: $1,950,000× 0.01819 = $35,471.?2024: $1,950,000× 0.02564×8.5/12 = $35,415.
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