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Park Terrace Apartments LLC purchased a 110-story apartment building in Austin, TX. The purchase price was $25,125,000.00. They are allocating 20% of the purchase price

  1. Park Terrace Apartments LLC purchased a 110-story apartment building in Austin, TX.  The purchase price was $25,125,000.00.  They are allocating 20% of the purchase price towards the value of the land. What is the annual depreciation?

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