Grape Pack Corp bought a $600,000 apartment building in June of 2020. 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 2020 (Year 2) for the building?

a.$21,816

b.$18,000

c.$9,752

d.You cannot depreciate property costing over $500,000

e.$25,000 under the election to expense business property