Alice purchases a rental house on June 22, 2020, 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 2020 using MACRS?
a. $2,373
b. $1,970
c. $1,364
d. $1,061
e. $1,009