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wk 3-2 Please explain and provide examples When depreciation is deducted on a rental property, why is it beneficial for the taxpayer to allocate the

wk 3-2 Please explain and provide examples

When depreciation is deducted on a rental property, why is it beneficial for the taxpayer to allocate the cost of the property to other assets (furniture, appliances, etc.) connected with the property rather than allocating the entire lump sum to the building itself?

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