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8) You purchase a commercial building and lot for $350,000 on May 2nd, 2017. The lot is estimated to be worth $80,000 when you buy

8) You purchase a commercial building and lot for $350,000 on May 2nd, 2017. The lot is estimated to be worth $80,000 when you buy it. You sell it for $500,000 in September 15th of 2018. What is your allowable TAX depreciation amount for 2017?

Using the data from problem #8, what is your allowable TAX depreciation amount for 2018?

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