Mindy purchased a house on 4/1/2016 for $800,000 (building only). She lived in it until 8/1/2020 when
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Mindy purchased a house on 4/1/2016 for $800,000 (building only). She lived in it until 8/1/2020 when she started renting it out. She added a swimming pool on 1/1/2018 for $30,000. The FMV on 8/1/2020 was $700,000. Which of the following is/are true?
Select one or more:
a. The MACRS depreciation expense for 2020 is $9548.
b. The depreciation for 2020 is $9957
c. The depreciation for 2020 is $10,912
d. The depreciation for 2020 $11,321
e. If the swimming pool were added instead on December 1, 2020 the depreciation for 2020 would be $9593.
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Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-0071317658
15th edition
Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
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