A residential building is acquired on July 1, 20xx for $3,000,000. The land is valued at $600,000. The annual depreciation on the building is: $43,636 $61,538 $57,500 $75,700 $87,273 A residential building is acquired on July 1, 20xx for $3,000,000. The land is valued at $600,000. The annual depreciation on the building is: $43,636 $61,538 $57,500 $75,700 $87,273