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Question

On April 8, 2017, Holly purchased a residential apartment building. The cost basis assigned to the building is $800,000. Holly also owns another residential apartment building that she purchased on November 15, 2017, with a cost basis of $500,000.

Click here to access the depreciation tables.

a. Calculate Holly's total depreciation deduction for the apartments for 2017 using MACRS.

$

b. Calculate Holly's total depreciation deduction for the apartments for 2018 using MACRS.

$

 

 

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