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What is the first, second, fifth, and last years depreciation for a $4,953,000 office building using the straight-line method and mid-month convention? The office building
What is the first, second, fifth, and last years depreciation for a $4,953,000 office building using the straight-line method and mid-month convention? The office building is placed in service in October. The companys tax year runs from January to December. The cost of the land is not included in the $4,953,000. These depreciation calculations are to be used for tax purposes
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