Loving1454 Loving1454

12-12-2019
Social Studies

contestada

Jenny constructed a building for use as a residential rental property. The cost of the building was $82,488, and it was placed in service on August 1, 1994. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2018 for tax purposes?

Respuesta :

14-12-2019

Answer: $3000

Explanation:

Depreciation = 82488/27.5 =$3000

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