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Gene purchased an office building in 2021 for $150,000 (including land value of $35,000). He spent $1,500 on lawn maintenance and $5,000 on a roof repair. His local government assessed him $3,000 for extending the water lines to his property. He has claimed $4,300 in depreciation.
What is Gene's basis in the office building?
- $108,700
- $113,700
- $120,200
- $122,300

Sagot :

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