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Simpson acquires and places in service an apartment building (residential rental property) on March 22, 2020 for $700,000. Determine the depreciation deduction for 2020 and

Simpson acquires and places in service an apartment building (residential rental property) on March 22, 2020 for $700,000. Determine the depreciation deduction for 2020 and 2021? Be as brief/succinct as possible in providing your answer.

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