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doug purchased a new factory building on january 15 2001 for 400,000. on march 1 2020 the building was sold. determine the cost recovery percentage for the year of the sale

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Answer:

The answer is "[tex]2.5640\%[/tex]"

Explanation:

Cst deduction on recovery for the sales year:

[tex]= \$400,000 \times 0.02564 \times \frac{2.5}{12}\ months \\\\ =\$ 2,136.67\\[/tex]

Recovery of Costs Percentage for sales year:

[tex]= 2.5640\%[/tex]

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