On November 28, 2015 a taxpayer purchased for $2,000,000 a rental building with commercial stores on the

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On November 28, 2015 a taxpayer purchased for $2,000,000 a rental building with commercial stores on the first floor (Total Monthly Rent $10,000) and apartments on the upper two floors (Total Monthly Rent $4,000). Compute the taxpayer's depreciation deduction for 2015 and 2016, assuming the building is sold on March 2, 2016.
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South Western Federal Taxation 2015

ISBN: 9781305310810

38th Edition

Authors: William H. Hoffman, William A. Raabe, David M. Maloney, James C. Young

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