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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 -

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

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