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Phil Coulson purchased a hotel building on October 11, 2022, for $3,000,000. Determine the cost...

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Accounting

Phil Coulson purchased a hotel building on October 11, 2022, for $3,000,000. Determine the cost recovery deduction for 2023.

a. $48,150
b. $59,520
c. $69,000
d. $76,920

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