25. A business building (MACRS-GDS 39-year property) is placed in service by a calendar-year taxpayer on January

Question:

25. A business building (MACRS-GDS 39-year property) is placed in service by a calendar-year taxpayer on January 4 for $300,000. Calculate the depreciation deduction for years 1 and 10, assuming the building is kept longer than 10 years, using MACRS-GDS allowances.

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