On August 19, 2021, Brick Co. purchased and placed in service an apartment building and land....
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On August 19, 2021, Brick Co. purchased and placed in service an apartment building and land. The Total purchase price was $2,000,000, of which $400,000 was allocated to the land and $1,600,000 was allocated to the apartment building. What is maximum MACRS depreciation deduction on the apartment building in 2021? (round to the nearest dollar) a) $21,824. b) $58,176. c) $19,040. d) $15,408. e) $41,024. On August 19, 2021, Brick Co. purchased and placed in service an apartment building and land. The Total purchase price was $2,000,000, of which $400,000 was allocated to the land and $1,600,000 was allocated to the apartment building. What is maximum MACRS depreciation deduction on the apartment building in 2021? (round to the nearest dollar) a) $21,824. b) $58,176. c) $19,040. d) $15,408. e) $41,024.
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Related Book For
Taxation Of Individuals And Business Entities 2021
ISBN: 9781260247138
12th Edition
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
Posted Date:
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