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An office building was purchased exactly two years ago for $150,000. Using 39 year straight-line depreciation for income tax purposes, how much depreciation has occurred
An office building was purchased exactly two years ago for $150,000. Using 39 year straight-line depreciation for income tax purposes, how much depreciation has occurred to date?
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A. $8,401
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B. $5,201
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C. $7,692
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D. $4,777
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