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On February 21, 2016, 2013, Harvey Simpson purchased an office building at a total cost of $2,900,000. OF this amount, $300,000 was allocated to the
On February 21, 2016, 2013, Harvey Simpson purchased an office building at a total cost of $2,900,000. OF this amount, $300,000 was allocated to the underlying land. What is Harvey's allowable depreciation deduction for tax year 2020?
A. $66,660
B. 92,050
C. 82,520
D. 74,360
E. None of the above
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