Asked 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?

Answers

Answered by drwls
Use the tables shown at
(Broken Link Removed)
The land portion of the value does not depreciate
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions