You purchase a multifamily property for $$4,500,000.$  You commission a cost segregation study to determine how the cost should be allocated and determine the following:

Land: $30\%$

Residential Improvements: $55\%$

Land Improvements: $10\%$

Furniture, Fixtures & Equipment: $5\%$

What is your projected depreciation expense associated with this property? $($Round your answer to the nearest dollar$)$

Answer rating: 100% (QA)

To calculate your projected depreciation expense we first need to know how much of the purchase pric... View the full answer