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

Multiple Choice

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. Use Table 7-3.

A) $31,830
B) $35,544
C) $22,470
D) None of these choices are correct