Question: Please help, I thought the answer was $19,700, but I was wrong. Eric purchased an apartment building on June 12,2007 for $1,200,000. The land value

Please help, I thought the answer was $19,700, but I was wrong.

Eric purchased an apartment building on June 12,2007 for $1,200,000. The land value was determined to be $200,000 and the building value was $1,000,000. Determine the cost recovery for tax year year 2021 . $19,700 $36,360 $25,640 $33,330 $50,000

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