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1.You build a residential investment property for $321,160. The land cost you $77,218 to purchase. If your marginal tax rate is 22%. What is the

1.You build a residential investment property for $321,160. The land cost you $77,218 to purchase. If your marginal tax rate is 22%. What is the value of your tax shield from depreciation?

2.Your benefit from depreciation on a residential rental property is $11,186.2. Your marginal tax rate is 30%. What is your basis in the rental property?

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