On December 8, 2019, Holly purchased a residential apartment building. The cost basis assigned to the building
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On December 8, 2019, Holly purchased a residential apartment building. The cost basis assigned to the building is $186,600. Holly also owns another residential apartment building that she purchased on October 15, 2019, with a cost basis of $140,000.Click here to access the depreciation tables.If required, round intermediate calculations and final answers to nearest dollar.a. Calculate Holly's total depreciation deduction for the apartments for 2019 using MACRS.$b. Calculate Holly's total depreciation deduction for the apartments for 2020 using MACRS.$
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