Dove corp. began operating a hardware store in the current year after constructing a building at a total cost of $100,000 on land previously acquired for $50,000. in the current year, the land had a fair market value of $60,000. dove paid real estate taxes of $5,000 in the current year. what is the total depreciable basis of dove's business property?

100,000 building will be the amount subject to depreciation

Explanation:

The land doesn't depreciate.

The land is the real state property, it is not depleted and neither suffers a loss of value through time.

The real state taxes are tax expenses for the period.

The depreciable basis will be the bulding which is affected for the past of time.

answer; that person may have a larger tax bill to pay on income taxes;

answer; offer in store wine and beer samples;