Business
Business, 06.12.2019 02:31, Tywan566

On october 21, 2018, jay purchased a commercial building. the cost basis assigned to the building is $700,000. jay also owns a residential apartment building he purchased on june 15, 2017 with a cost basis of $500,000.
a.

calculate jay's total depreciation deduction for the buildings for 2018, using macrs.

b.

calculate jay's total depreciation deduction for the commercial building for 2019, using macrs.

answer
Answers: 3

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On october 21, 2018, jay purchased a commercial building. the cost basis assigned to the building is...

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