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Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the building was located. The
Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the building was located. The building's salvage value was estimated to be $50,000. The corporation's current year depreciation deduction for the building is:
$5,641 |
$6,909 |
$4,872 |
$3,590 |
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