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Jenny constructed a building for use as a residential rental property. The cost of the building was $82,488, and it was placed in service on
Jenny constructed a building for use as a residential rental property. The cost of the building was $82,488, and it was placed in service on August 1, 1997. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2019 for tax purposes?
a. $2,250
b. $6,000
c. $3,000
d. $6,547
e. None of these choices are correct.
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