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Business, 19.03.2021 03:20 wwwgr78

On January 1, 2017, Barry Barker owned rental property which had an adjusted basis to him of $350,000. Daniel made the following expenditures during 2017: Ordinary painting of building $ 6,000 Repair of roof section (useful life not appreciably extended) 1,500 Legal fees paid to defend title 3,000 Property taxes 7,000 Assessment for local street improvement (value increased) 5,000 In 2017, which of these expenditures does Barry capitalize and which does he expense

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