Farrah Investor purchased an apartment building (including land) for $2,000,000 and placed it in service on December 27, 2017. The land is valued at $1,000,000, and the building is valued at $1,000,000. Farrah depreciated the property under MACRS GDS. On February 28, 2019, Farrah sold the apartment building. What is Farrah\'s depreciation deduction for 2019?

Answer rating: 100% (QA)

In the initial year of placing the building in service the proper... View the full answer