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Assume that you purchased a commercial ( non - residential ) property for $ 1 0 , 0 0 0 , 0 0 0 on
Assume that you purchased a commercial nonresidential property for $ on May with of the purchase price attributed to land value. What is the total amount of depreciation you could claim in using the midmonth convention? Assuming the property is sold on November how much depreciation could you claim for using the midmonth convention
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