Question
Superior Vacations bought a new apartment building on December 16, 2017. The building was rented out to families on June 5, 2018. The building cost
Superior Vacations bought a new apartment building on December 16, 2017. The building was rented out to families on June 5, 2018. The building cost 639,593 dollars and the company spent an additional 15,687 dollars remodeling the building before it was put into service. Using the US Straight Line Depreciation Schedule, compute the value of depreciation recorded in the accounting books for the year 2018. (note: round your answer to two decimal places; do not include spaces or dollar signs; do not round the recovery factors from the depreciation tables)
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