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joja [24]
3 years ago
6

doug purchased a new factory building on january 15 2001 for 400,000. on march 1 2020 the building was sold. determine the cost

recovery percentage for the year of the sale
Business
1 answer:
vazorg [7]3 years ago
8 0

Answer:

The answer is "2.5640\%"

Explanation:

Cst deduction on recovery for the sales year:

= \$400,000 \times 0.02564 \times \frac{2.5}{12}\  months \\\\  =\$  2,136.67\\

Recovery of Costs Percentage for sales year:

=  2.5640\%

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