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Residential rental property (exclusive of land value) is purchased for $1,000,000 and placed in service during April of 2016. What is the appropriate MACRS deduction

Residential rental property (exclusive of land value) is purchased for $1,000,000 and placed in service during April of 2016.

What is the appropriate MACRS deduction in 2016?

What is the appropriate MACRS deduction in 2017?

DO NOT CONSIDER BONUS DEPRECIATION

-Income Tax

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