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On August 8, 2013, Holly purchased a residential apartment building

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Question;On August 8, 2013, Holly purchased a residential apartment building. The cost basis assigned to the building is $800,000. Holly also owns another residential apartment building that she purchased on June 15, 2013, with a cost basis of $500,000.a) Calculate Holly's total depreciation deduction for the apartments for 2013 using MACRS $__________________b) Calculate Holly's total depreciation deduction for the apartments for 2014 using MACRS. $

 

Paper#41972 | Written in 18-Jul-2015

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