posted by Kara .
A property company purchases a new office space for lease to a small business for $2,400,000 including a land value of$400,000. the property is placed in service on March 15,1999.using MACRS,what is the depreciation on this property at the end of its first year?
Use the tables shown at
(Broken Link Removed)
The land portion of the value does not depreciate