Jenny constructed a building for use as a residential rental property. The cost of the building was 164 976 and it was placed in service on August 1 1999 The building has a 27 5-year MARS life. What is the amount of depreciation on the building for 2022 for tax purposes:

a 56 000 

b 52 250 

c 56 547 

d 3 000

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is b 52250 Heres how we can calculate the depreciation for 2022 Determ... View the full answer