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Exercise 13-13 (Algorithmic) (LO. 3) Emily spent $166,000 to rehabilitate a certified historic building (adjusted...

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Accounting

Exercise 13-13 (Algorithmic) (LO. 3)
Emily spent $166,000 to rehabilitate a certified historic building (adjusted basis of $107,900) that originally had been placed in service in 1935.
What is Emily's rehabilitation expenditures tax credit?

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