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22. MACRS and ADS, Real Property. (Obj. 1) On April 29, 2011, Conley, Inc. placed in service an office building costing $450,000. Conley depreciates the

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22. MACRS and ADS, Real Property. (Obj. 1) On April 29, 2011, Conley, Inc. placed in service an office building costing $450,000. Conley depreciates the office building using ADS. It sold the building on January 4, 2018. Compute Conley's depreciation expense on the building for 2011-2018 and its adjusted basis on January 4, 2018

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