Alice purchases a rental house on August 22, 2019, for a cost of $174,000. Of this amount,
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Alice purchases a rental house on August 22, 2019, for a cost of $174,000. Of this amount, $100,000 is considered to be allocable to the cost of the home, with the remaining $74,000 allocable to the cost of the land. What is Alice’s maximum depreciation deduction for 2019 using MACRS?
a. $2,373
b. $1,970
c. $1,364
d. $1,061
e. $1,009
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Alice Purchased rental house property on 22 August 2019 Total rental house property cost 174000 Land ...View the full answer
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Related Book For 
Income Tax Fundamentals 2020
ISBN: 9780357108239
38th Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
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