This assignment has three problems and it relates to Depreciation Recapture and Cost Basis. Requires calculations relating to the real estate and formulas to get these answers. Please accept this assignment if you’re sure that you can solve these problems and can either research how to solve these or have knowledge of the Real Estate Industry and know these formulas. Please answer the questions and MOST IMPORTANTLY SHOW YOUR WORK PLEASE!
I posted the assignment in the files below and double check your work.