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Posted by on Thursday, July 9, 2009 at 11:40pm.

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?

  • Math - , Friday, July 10, 2009 at 6:23am

    Use the tables shown at
    (Broken Link Removed)
    The land portion of the value does not depreciate

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