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Assume a residential investment property was purchased with a depreciable basis of $100,000 on January 1st. What is the annual depreciation allowance for that year?

Assume a residential investment property was purchased with a depreciable basis of $100,000 on January 1st. What is the annual depreciation allowance for that year? Ignore 1/2 month convention.

A. $2,564

B. $3,002

C. $3,636

D. $4,890

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