John purchases residential rental property on September 1, 2022 for a cost of $420,000. Of this amount,

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John purchases residential rental property on September 1, 2022 for a cost of $420,000. Of this amount, $120,000 is allocable to the cost of the land. What is John's depreciation deduction for 2022?

Posted Date: May 18, 2024 04:12 AM

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John purchases residential rental property on September 1, 2022 for a cost of $420,000. Of this amount,

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