an office bullding to use in ner business at a cost or $520,000. She properny allocates $20 to the land and $500,000 to the bullding. Assume that Guadalupe would like to deduct the maximum depreciation on the building. Guadalupe sells the building on October 26, 2020. Refer to the MACRS Depreciation Tables to answer the following questions. Note: For intermediate percentage depreciation computations, round to three decimal places. Hint: Don't forget about mid-month convention in the year of acquisition and/or disposal when calculating depreciation. Determine her 2020 depreciation deduction if she purchased the building on June 30, 1992. 12,564 x а. b. June 30, 1994. 10,150 V

an office bullding to use in ner business at a cost or $520,000. She properny allocates $20 to the land and $500,000 to the bullding. Assume that Guadalupe would like to deduct the maximum depreciation on the building. Guadalupe sells the building on October 26, 2020. Refer to the MACRS Depreciation Tables to answer the following questions. Note: For intermediate percentage depreciation computations, round to three decimal places. Hint: Don't forget about mid-month convention in the year of acquisition and/or disposal when calculating depreciation. Determine her 2020 depreciation deduction if she purchased the building on June 30, 1992. 12,564 x а. b. June 30, 1994. 10,150 V

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization

Section: Chapter Questions

Problem 52P

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