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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:
a. $3,590
b. $4,872
c. $5,641
d. $6,909
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