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On February 8 , 2 0 2 3 , Holly purchased a residential apartment building. The cost basis assigned to the building is $ 2
On February Holly purchased a residential apartment building. The cost basis assigned to the building is $ Holly also owns another residential apartment building that she purchased on January with a cost basis of $
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 using MACRS and assuming she does not elect out of bonus depreciation.
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b Calculate Holly's total depreciation deduction for the apartments for using MACRS.
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