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Greedo LLC purchased a rental house and land during the current year for $184,000. The purchase price was allocated as follows: $117,000 to the building
Greedo LLC purchased a rental house and land during the current year for $184,000. The purchase price was allocated as follows: $117,000 to the building and $67,000 to the land. The property was placed in service on May 22. Calculate Greedo's maximum depreciation for this first year. (Round final answer to the nearest whole number.) $1,878 $4,182 $2,953
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