On June 2 of the current year, Farb purchased and placed into service an office building in midtown and immediately began renting it. The portion of the cost allocated to the building was $400,000. Farb's maximum depreciation deduction for the year is $6,667 $5.983 $7,879 $4,701 $5,556

On June 2 of the current year, Farb purchased and placed into service an office building in midtown and immediately began renting it. The portion of the cost allocated to the building was $400,000. Farb's maximum depreciation deduction for the year is $6,667 $5.983 $7.879 $4,701 $5.556