Compute regualr MARCS depreciation for an apartment building (residential real estate) purchased in December, 2018 for...
Compute regualr MARCS depreciation for an apartment building (residential real estate) purchased in December, 2018 for $12,435,000. The building sits on leased property. Show work
Homework Answers
| The recovery period using GDS is 27.5 years for residential rental property.According to the IRS Residential Rental Property GDS table machine put in december MACRS – 27.5-YR RESIDENTIAL REAL ESTATE | |
| Depreciation = $12,435,000 x .152% | $ 18,901.20 |
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Compute regualr MARCS depreciation for an apartment building
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