Question: Lopez acquired a building on June 1, 2011, for $1 million. Calculate Lopez's cost recovery deduction for 2016 if the building is: a. Classified as

Lopez acquired a building on June 1, 2011, for $1 million. Calculate Lopez's cost recovery deduction for 2016 if the building is:
a. Classified as residential rental real estate.
b. Classified as nonresidential real estate.

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