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Fairfield Properties owns real property that is MACRS depreciated with n = 39 years. They paid [tex]$3 million for the apartment complex
and hope to sell it after 10 years
of ownership for 35% more than the book value at that time. Determine the anticipated profit, that is
,
the difference between the probable
selling price and the purchase price. (Enter your answer
in dollars and not in millions.)
The difference between the probable selling price and the purchase price is ?
Sagot :
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