Hurwitz Realty purchased a residential property for $1,200,000 and allocated the purchase price to land and building in the amounts of $300,000 and $900,000, respectively. Hurwitz Realty obtain the certificate of occupancy and placed the property in Service during on September 1^st. What is the amount of depreciation expense Hurwitz Realty will deduct in year one (rounded)?

Answer rating: 100% (QA)

Calculating Depreciation Expense for Hurwitz Realty in Year One Heres how to calculate the depreciat... View the full answer