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Question 7 2 pts A small office building is purchased of $1,200,000 with a mortgage loan that has a 9% interest rate and will be

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Question 7 2 pts A small office building is purchased of $1,200,000 with a mortgage loan that has a 9% interest rate and will be amortized over 20 years with monthly payments. What annual amount can be deducted for tax purposes for the first year? (Assume no deprecation) O $107,088 $10,797 O $143,172 O $129,560

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