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What is the maximum depreciation

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Question

Beard, LLC bought a rental home and lot for $120,000 during the current year. According to the appraisal, the purchase price is $105,000 to the home and the remaining $15,000 to the lot. It was placed in service on May 20th. What is the maximum depreciation?

 

Paper#20848 | Written in 18-Jul-2015

Price : $32
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