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

Question:

Tatum (a calendar-year 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?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...