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Grape Pack Corp bought a $600,000 apartment building in June of 2021. Of the purchase price, $104,950 is allocated to the value of the land.
Grape Pack Corp bought a $600,000 apartment building in June of 2021. Of the purchase price, $104,950 is allocated to the value of the land. What is the maximum amount of depreciation that the company can claim in 2022 (Year 2) for the building? a. $21,816 b. $3,816 c. $9,752 d. $18,000
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