Refer to problem 52. Guadalupe sells the building on October 26, 2021. What is her 2021 depreciation deduction if she purchased the building on
a. June 30, 1992?

b. June 30, 1994?

Data From Problem 52

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Guadalupe purchases an office building to use in her business at a cost of $520,000. She properly allocates $20,000 of the cost to the land and $500,000 to the building. Assuming that Guadalupe would like to deduct the maximum depreciation on the building, what is her first-year depreciation on the building if she purchases the building on