Question: On August 8 , 2 0 2 3 , Holly purchased a residential apartment building. The cost basis assigned to the building is $ 2

On August 8,2023, Holly purchased a residential apartment building. The cost basis assigned to the building is $229,000. Holly also owns another residential apartment building that she purchased on January 15,2023, with a cost basis of $492,000.
Click here to access the depreciation tables.
If required, round intermediate calculations and final answers to nearest dollar.
a. Calculate Holly's total depreciation deduction for the apartments for 2023 using MACRS and assuming she does not elect out of bonus depreciation.
b. Calculate Holly's total depreciation deduction for the apartments for 2024 using MACRS.
On August 8 , 2 0 2 3 , Holly purchased a

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