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Jenny constructed a building for use as a residential rental property. The cost of the building was $164,976, and it was placed in service on

Jenny constructed a building for use as a residential rental property. The cost of the building was $164,976, and it was placed in service on August 1, 1998. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2020 for tax purposes?

a.$6,000

b.$6,547

c.$2,250

d.$3,000

e.None of these choices are correct.

THE ANSWER IS NOT $3,000

PLEASE EXPLAIN

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