On August 8, 2011, 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 June 15, 2011, with a cost basis of $500,000.
a. Calculate Holly’s total depreciation deduction for the apartments for 2011 using MARCS.
b. Calculate Holly’s total depreciation deduction for the
apartments for 2012 using MARCS.
no it is not out yet unfortunately check back later
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