Question: On June 8 , 2 0 2 3 , Holly purchased a residential apartment building. The cost basis assigned to the building is $ 6

On June 8,2023, Holly purchased a residential apartment building. The cost basis assigned to the building is $650,000. Holly also owns another residential apartment building that she purchased on October 15,2023, with a cost basis of $400,000.
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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.

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