Lonzo owns two apartment buildings. He acquired Forsythia Acres on February 21, 1998, for $300,000 ($90,000 allocated

Question:

Lonzo owns two apartment buildings. He acquired Forsythia Acres on February 21, 1998, for $300,000 ($90,000 allocated to the land) and Square One on November 12, 2016, for $800,000 ($100,000 allocated to the land). Neither apartment complex qualifies as low-income housing. If Lonzo elects to deduct the cost of each building as quickly as possible, what is the effect of depreciation (cost recovery) on his AMTI for?

a. 1998?

b. 2016?