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Great Falls Company purchased a warehouse and land during 2020 for $600,000. The purchase price was allocated as follows: $400,000 to the building and $200,000

Great Falls Company purchased a warehouse and land during 2020 for $600,000. The purchase price was allocated as follows: $400,000 to the building and $200,000 to the land. The property was placed in service on October 12. Calculate Great Falls maximum depreciation for this first year. Great Falls is a calendar-year taxpayer

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