Question

Della purchased a warehouse on Feb. 25, 2017 for $350,000. $45,000 of the price was for land. What is her cost recovery deduction for 2017?

How do I figure this??
bobpursley
you can apply Cost Recovery to the building only. https://goodcalculators.com/macrs-depreciation-calculator/

You need a tax accountant.

Related Questions

Della purchased a warehouse on February 25, 2011, for $350,000. $45,000 of the price was for the lan... . Della purchased a commercial warehouse which has a 39 year life on February 25, 2011, for $350,000... Della purchased a warehouse on February 25, 2015, for $350,000. $45,000 of the price was for the lan... The Gift of the Magi How much was Della's weekly rent? How much money does her husband make per...