Oliver bought a rental property in 2018. He paid $100,000 cash and assumed a mortgage...
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Accounting
Oliver bought a rental property in 2018. He paid $100,000 cash and assumed a mortgage of $75,000. At the time of purchase, the land was valued at $10,000. What is Oliver's depreciable basis in the property? $90,000 $100,000 $165,000 $175,000
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