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A rental house is placed In service by a calendar year taxpayer on August 30, 2009 for $100,000. It is sold on October 1. 2015.
A rental house is placed In service by a calendar year taxpayer on August 30, 2009 for $100,000. It is sold on October 1. 2015. Determine the depreciation deduction and resulting book value for each year using MACRS-GDS allowances. (You may ssume the cost of land is NOT included in the $100K)
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