{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T05:32:31-04:00", "answer_date": "2024-06-28 05:32:31", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4245170", "url": "\/study-help\/questions\/carl-purchased-an-apartment-complex-for-21-million-on-march-4245170", "question_creation_date_js": "2024-06-28T05:32:31-04:00", "question_creation_date": "Jun 28, 2024 05:32 AM", "meta_title": "[Solved] Carl purchased an apartment complex for $ | SolutionInn", "meta_description": "Answer of - Carl purchased an apartment complex for $2.1 million on March 17 of year 1. of the purchase price, $800,000 was attrib | SolutionInn", "meta_keywords": "carl,purchased,apartment,complex,$2.1,million,march,17,year,1,purchase,price", "question_title_h1": "Carl purchased an apartment complex for $2.1 million on March 17 of year 1. of the purchase price, $800,000 was attributable to the land the", "question_title": "Carl purchased an apartment complex for $2.1 million on March 17 of", "question_title_for_js_snippet": "Carl purchased an apartment complex for $2 1 million on March 17 of year 1 of the purchase price, $800,000 was attributable to the land the complex sits on He also installed new furniture into half of the units at a cost of $70,000 (UseMACRSTable 1,Table 2,Table 3,Table 4andTable 5 ) (Enter your answers in dollars and not in millions of dollars ) a What is Carl's allowable depreciation deduction for his real property for years 1 and 2 (Round your final answers to the nearest whole dollar amount ) b What is Carl's allowable depreciation deduction for year 3 if the real property is sold on January 2 of year 3 (Do not round intermediate computations Round your final answer to the nearest whole dollar amount )", "question_description": "

Carl purchased an apartment complex for $2.1 million on March 17 of year 1. of the purchase price, $800,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $70,000. (UseMACRSTable 1,Table 2,Table 3,Table 4andTable 5.)(Enter your answers in dollars and not in millions of dollars.)<\/strong><\/p>

<\/p>

<\/p>

a.<\/strong>What is Carl's allowable depreciation deduction for his real property for years 1 and 2?(Round your final answers to the nearest whole dollar amount.)<\/strong><\/p>

b.<\/strong>What is Carl's allowable depreciation deduction for year 3 if the real property is sold on January 2 of year 3?(Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.)<\/strong><\/p>", "transcribed_text": "", "related_book": { "title": "Entrepreneurial Finance", "isbn": "1305968352, 978-1337635653, 978-1305968356", "edition": "6th edition", "authors": "J. Chris Leach, Ronald W. Melicher", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1482.jpg", "uri": "\/textbooks\/entrepreneurial-finance-6th-edition-1482", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CT8KD8ZK", "uri": "\/textbooks\/achieve-book-empire-success-turning-a-1000-investment-into-150m-dollars-in-just-3-5-years-with-this-blueprint-1st-edition-979-8877137622-268783", "name": "Achieve Book Empire Success Turning A 1000 Investment Into 150m Dollars In Just 3 5 Years With This Blueprint", "edition": "1st Edition" }, "question_posted": "2024-06-28 05:32:31", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/compare-the-methodology-of-simulation-to-simons-fourphase-model-of", "description": "Compare the methodology of simulation to Simons four-phase model of decision making. 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(6 points) Given a sample space S x 6} and B {x|3 x 7}, describe the following events. a) AUB. b) A - B. c) AU (BNS). = {x|2", "stars": 3 }, { "url": "\/study-help\/questions\/case-study-you-are-a-business-analyst-who-has-just-1010296", "description": "Case Study You are a business analyst who has just joined the commission system replacement project at PrivateWealth. 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