Melanie is employed full-time as an accountant for a national hardware chain. She recently start which provides tax advice and financial planning to the general public. For this purpose, she mal Expenses relating to her home for 2019 are as follows:

ake Assignment/take Assignment Main.do?invokeretakeAssignmentSession locator Barprogress-false eBook Calculator Exercise 8-23 (Algorithmic) (LO. 2) Lopez acquired a building on June 1, 2014, for $48,187,100. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. a. Calculate Lopez's cost recovery deduction for 2019 the building is classified as residential rental real estate. 17,520,830 x b. Calculate Lopez's cost recovery deduction for 2019 if the building is classified as nonresidential real estate 1,235,517 Feedback Check My Wom Under the modified accelerated cost recovery system (MACRS), the cost of an asset is recovered over a predetermined period th is shorter than the useful life of the asset or the period that the asset is used to produce income. The MACRS rules were designe encourage Investment, improve productivity, and simplify the pertinent law and its administration D E e GRPM & 5 6 00 9 ake Assignment/take Assignment Main.do?invokeretakeAssignmentSession locator Barprogress-false eBook Calculator Exercise 8-23 (Algorithmic) (LO. 2) Lopez acquired a building on June 1, 2014, for $48,187,100. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. a. Calculate Lopez's cost recovery deduction for 2019 the building is classified as residential rental real estate. 17,520,830 x b. Calculate Lopez's cost recovery deduction for 2019 if the building is classified as nonresidential real estate 1,235,517 Feedback Check My Wom Under the modified accelerated cost recovery system (MACRS), the cost of an asset is recovered over a predetermined period th is shorter than the useful life of the asset or the period that the asset is used to produce income. The MACRS rules were designe encourage Investment, improve productivity, and simplify the pertinent law and its administration D E e GRPM & 5 6 00 9