Tatum Corporation (a calendar-year corporation) purchases a building on June 6 of the current year for $300,000,

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Tatum Corporation (a calendar-year corporation) purchases a building on June 6 of the current year for $300,000, of which $60,000 is for the land.What is the depreciation for the first year if the building is

a. a warehouse?

b. a rental apartment building?

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Taxation For Decision Makers 2008

ISBN: 9780324654110

2nd Edition

Authors: Shirley Dennis-Escoffier, Karen A. Fortin

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