Jennifer purchases an office building and land to use in her trade or business for $2,000,000. $1,500,000 of the purchase price relates to the building and $500,000 of the purchase price relates to the land. If Jennifer is a calendar year taxpayer and places the office building into service on March 1st, 2019, what is her depreciation deduction for 2019?

Answer rating: 100% (QA)

The depreciation deduction for 2019 would be calculated using the Modified Accelerated Cost Recovery ... View the full answer