I 10. What is the annual depreciation deduction for an apartment building with a basis of $2,365,000? 11. In 1626, Peter Minuit, the governor of the Dutch West India Company bought Manhattan Island from the Native Americans for beads cloth and other items worth approximately $24 Today the land and buildings of Manhattan are worth over $2 trillion If the Native Americans for cash) the items obtained in the exchange and invested the $24 in a bank account at 6.0 percent annually compounding interest what would be the value of their $24 investment in 20212