QUESTION 21 Penny owned 2,000 shares of Dollar Inc. common stock that were purchased in Year 1 at $10.50 per share. Penny received a 5% non-taxable dividend of Dollar common stock in Year 2. In Year 5. the stock split 2 for 1. In the current year Penny sold 800 shares. What is Penny s basis in the 800 shares sold? O $4.000 O $8,000 O $8,400 $16.800 $21,000 QUESTION 22 On July 2 of the current year, Farb purchased and placed into service an apartment 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 0 $4,701 $5,000 O $5,128 O $6,667 $7.273 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All