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Question 1 In March 2015, a corporation purchased residential real estate (an apartment complex) at a total cost of $250,000. Of this amount. $50,000 was

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Question 1 In March 2015, a corporation purchased residential real estate (an apartment complex) at a total cost of $250,000. Of this amount. $50,000 was allocated to the underlying! land. What is the corporation's allowable depreciation deduction for 2015 under MACRS? (Ignore IRC 179 and bonus depreciation.) $5,758 $5,128 $6,350 $7.272 correct Question 2 0/1 pts Last year, a corporation purchased an office building for $190,000. The building's salvage value was estimated to be $50,000. Ignore bonus depreciation and Section 179. The corporation's current year depreciation deduction for the building is: $3,590 $4,872 O $5,641 $6,909

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