Tax, Accounting, Depreciation of Building

Mr.x purchased a building for 55 million dollars and took depreciation on it for complete 39 years and now his son want to sell the building but as he claimed the amount for complete 55 million through out the years. On what basis now he need to sell the building. For only 55 Million or For How Much?

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  • May 9th, 2017

55 million dollors and above

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