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a purchaser buys house for $ 2 3 4 , 5 0 0 for use as a rental by making a $ 2 5 ,

a purchaser buys house for $234,500 for use as a rental by making a $25,000 cash down payment and taking out a $209,500 mortgage for 30 years. The lot value is 80,000. If the purchaserwants to depreciate the property over a period of 271/2 years, what will be the annual depreciation amount using the straight-line method?

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