Question: Lopez acquired a building on June 1 , 2012 , for $1 000 ,000 . Compute the depreciation deduction assuming the building is classified as

Lopez acquired a building on June 1 , 2012 , for $1 000 ,000 . Compute the depreciation deduction assuming the building is classified as a ) residential and ( b ) non residential Click here to access the depreciation table to use for this problem If required , round your answers to the nearest dollar a . If the building is classified as residential rental real estate , Lopez's cost recovery deduction is $ for 2017 b . If the building is classified as nonresidential real estate , Lopez's cost recovery deduction is $ For 2017

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