During 2017, Manuel and Gloria, who are not married and live in Beverly Hills, incurred acquisition debt on their new residence of $2,150,000. On their individual tax returns, what is the amount of qualified acquisition debt on which they can each deduct interest?

Multiple Choice

$1,000,000.

$1,050,000.

$900,000.

$1,150,000.

.

.

Della purchased a warehouse on February 25, 2017, for $350,000. $45,000 of the price was for the land. What is her cost recovery deduction for 2017 rounded to the nearest dollar?

Multiple Choice

$7,865.

$6,853.

$11,137.

$9,705.