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Compute regular MACRS depreciation for an apartment building (residential real estate) purchased in January 2017 for...

Compute regular MACRS depreciation for an apartment building (residential real estate) purchased in January 2017 for $235,000 with a salvage value of $20,000

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Answer #1

Cost Basis: $215,000.00, Life: 27.5 years,
Placed in Service: 1/2017
First Year: 11.5 months, Last Year: 6.5 months

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