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show steps ... ty! Prof H, LLC, a calendar year taxpayer, purchased a residential building and land in Buffalo, NY for a total cost of
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Prof H, LLC, a calendar year taxpayer, purchased a residential building and land in Buffalo, NY for a total cost of $6,000,000 and allocated 20% of the cost to the land. Prof H placed the building in service on January 3rd of its initial year of operations. Compute the depreciation expense for Prof H with respect to the realty for the initial year of operations/the year the realty was purchased. A. $123,076.92. B. $153,846.15. C. $167,272.73. D. $174,545.45. E. $218,181.82Step by Step Solution
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