The assessed value of an office property is $750,000, of which $600,000 is allocated to improvements and $150,000 is allocated to land. The property was purchased by an investor for $1,000,000 with no costs of purchase. The depreciation (cost recovery) taken by the investor in the first year of owning the property is:

Cost Recovery Table 1 Commercial Residential Full Year 2.564% 3.636% 11.5 Month 2.461% 3.485%