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ackson purchased an apartment complex for $2,404,000 on April 17 of year 1. $212,000 of the purchase price was attributable to the land the complex
ackson purchased an apartment complex for $2,404,000 on April 17 of year 1. $212,000 of the purchase price was attributable to the land the complex sits on. What is Jacksons allowable depreciation expense for year 3 if the real property is sold on April 19 of year 3?
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