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Kaskar Company,a Calendar Year Taxpayer,paid $3,350,000 for a Residential Apartment

Question 63

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Kaskar Company,a calendar year taxpayer,paid $3,350,000 for a residential apartment complex and allocated $350,000 of the cost to the land and $3,000,000 of the cost to the building.Kaskar place the realty in service on September 29.Refer to the appropriate MACRS Table in Chapter 7 to compute Kaskar's first-year depreciation on the realty.


A) $31,830
B) $35,544
C) $22,470
D) None of the above

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