Question

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

Answer 1

The answer is "
`2.5640\%`"

Step-by-step explanation:

Cst deduction on recovery for the sales year:

`= \$400,000 * 0.02564 * (2.5)/(12)\ months \\\\ =\$ 2,136.67\\`

Recovery of Costs Percentage for sales year:

`= 2.5640\%`