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In January 2011, Coby purchased a rental house for $250,000 which he immediately placed in service. The purchase price included $35,000 for land. On August
In January 2011, Coby purchased a rental house for $250,000 which he immediately placed in service. The purchase price included $35,000 for land. On August 2, 2020, he sold the house to the tenant. How much depreciation may he deduct in 2020?
1. $2,121
2. $2,273
3. $2,424
4. $3,636
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