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On October 21, 2016 Jay purchased a commercial building the cost basis assigned to the building is 700,000 Jay also owns a residential apartment building
On October 21, 2016 Jay purchased a commercial building the cost basis assigned to the building is 700,000 Jay also owns a residential apartment building he purchased on June 15, 2015 with a cost basis of 500,000 Calculate jays total depreciation deduction for the buildings using MACRS calculate jays total depreciation deduction for the comercial building for 2017 using MACRS calculate jays total depreciation deduction for the building for 2016 using
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