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The Corporation closed in March of 2020 but the building assets are still in the building which is trying to be sold. Not sold yet. What I do about the depreciation

taylortax1
Level 1
 
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sjrcpa
Level 15

Stop depreciation since the assets are no longer being used.

Does the corporation own the building, too?

If no, did the corporation cease business operations and abandon the assets in the building?


ex-AllStar