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On August 8, 2014, Holly purchased a residential apartment building. The cost basis assigned to the building is $800,000. Holly also owns another residential apartment
On August 8, 2014, Holly purchased a residential apartment building. The cost basis assigned to the building is $800,000. Holly also owns another residential apartment building that she purchased on June 15, 2014, with a cost basis of $500,000.
Calculate Holly's total depreciation deduction for the apartments for 2014 using MACRS.
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