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Required information [The following information applies to the questions displayed below) Carl purchased an apartment complex for $3.0 million on March 17 of year 1

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Required information [The following information applies to the questions displayed below) Carl purchased an apartment complex for $3.0 million on March 17 of year 1 of the purchase price. $1,250,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $79,000, (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Enter your answers in dollars and not in millions of dollars.) .. What is Cart's allowable depreciation deduction for his real property for years 1 and 22 (Round your final answers to the nearest whole dollar amount.) Year Depreciation Deduction 1 2 Required information [The following information applies to the questions displayed below) Carl purchased an apartment complex for $3.0 million on March 17 of year 1. of the purchase price $1.250.000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $79,000 (Use MACRS Table 1. Jable 2. Table 3. Table 4 and Table 5.) (Enter your answers in dollars and not in millions of dollars.) b. What is Carl's allowable depreciation deduction for year 3 if the real propeity is sold on January 2 of year 3? (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. Depreciation for your 3 s 2.646

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