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XYZ Inc. purchased a commercial real estate property on October 6, 2021 for $8,000,000. The purchase price allocation was 25% Land and 75% Building. XYZ

XYZ Inc. purchased a commercial real estate property on October 6, 2021 for $8,000,000. The purchase price allocation was 25% Land and 75% Building. XYZ Inc. sold the real estate on April 18, 2025. a. Calculate the depreciation expense for 2021 b. Calculate the depreciation expense for 2025? c. What is the accumulated depreciation (total cost recovered) with respect to this asset at the time of sale? d. What is the adjusted basis of the asset at the time of the sale?

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