Alice purchases a rental house on August 22, 2018, for a cost of $174,000. Of this amount,
Question:
Alice purchases a rental house on August 22, 2018, for a cost of $174,000. Of this amount, $100,000 is considered to be allocable to the cost of the home, with the remaining $74,000 allocable to the cost of the land. What is Alice’s maximum depreciation deduction for 2018 using MACRS?
a. $2,373
b. $1,970
c. $1,364
d. $1,061
e. $1,009
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Related Book For 
Income Tax Fundamentals 2019
ISBN: 9781337703062
37th Edition
Authors: Gerald E. Whittenburg, Steven Gill
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