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An apartment building was recently sold for $3,650,000. The County Assessor has determined that the building's value is allocated with 36% land value. What is

An apartment building was recently sold for $3,650,000. The County Assessor has determined that the building's value is allocated with 36% land value. What is the annual allowable tax shelter from depreciation, assuming a 30-year straight-line method?

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