Frankie owns an LLC for the sole purpose of obtaining passive income. During the current tax year, Frankie sold an apartment complex in March in its 7th year of life, which had a cost basis of $1,250,000. In the month of April, he purchased a strip mall for $3,525,000. In order to keep security on the strip, he used a portion of the building as a security office. In that office, he placed into service an office desk (7-year) with a cost basis of $10,000 and a computer with a security-system software (5-year) with a cost basis of $5,000. 

What is the maximum depreciation deduction taken for this year?

Answer rating: 100% (QA)

SOLUTION The maximum depreciation deduction for this year would be 1693500 This is calculated as fol... View the full answer