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On June 1, 20x1, Andrew, a single, cash basis filing taxpayer, acquired a rental property consisting of a store and residential units. The residential units

On June 1, 20x1, Andrew, a single, cash basis filing taxpayer, acquired a rental property consisting of a store and residential units. The residential units paid rents equal to $90,000 per month. The store paid rents totaling $10,000 per month. Andrew acquired the property for $6 MM cash. For purposes of determining adjusted and depreciable basis with respect to the buildings, $5MM was allocated to the building based on relative fair market value of the land and building. Assuming sections 168(k) and 179 do not apply, approximately how much depreciation may Andrew claim in 20x1?

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