Business, 10.02.2020 23:32, Baby010391

Bev owns an apartment complex she purchased 10 years ago for $480,000 with a $80,000 cash down payment accompanied by a $400,000 loan. Bev has made $70,000 of capital improvements on the complex and her depreciation claimed on the building to date is $100,000. Calculate Bev's adjusted basis in the building.

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Bev owns an apartment complex she purchased 10 years ago for $480,000 with a $80,000 cash down payme...