do invoker Problem 8-37 (LO. 2) on August 2, 2018, Wendy purchased a new office building for s3,800,000. On October 1, 2018, she began to rent out office space in bullding. On July 15, 2022, Wendy sold the office building the required, round your answers to the nearest dollar Click here to access the depreciation table to use for this problem a. What MACRS convention applies to the new office building? Mid-month b. What is the life of the asset for MACRS 39 years v C. Wendy's cost recovery deduction for 2018 Is 36,594 X and for 2022 is Both realty and personalty can be either business use/income producing property or personal use property. Assets used in a trade ar business or for the production of income are eligible for cost recovery if they are subject to wear and tear, decay or decline from natur Previous Next Check Hy Work 10/222018 DOLL F6 F8 F9 F10 F11 F12 PrtScr InsertD FS 5 6 7 8