Question: Question 1 - Jenny constructed a building for use as a residential rental property. The cost of the building was $164,976, and it was placed

Question 1 - Jenny constructed a building for use as a residential rental property. The cost of the building was $164,976, and it was placed in service on August 1, 1998. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2020 for tax purposes?

	$2,250
	$3,000
	$6,000
	$6,547

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