An Office Building Was Purchased on December 9ᵗʰ Several Years

Essay

An office building was purchased on December 9ᵗʰ several years ago for $2,500,000. The purchase price was allocated as follows: building $1,900,000, landscaping $100,000, and land $500,000. During the current year, the 10ᵗʰ year, the building was sold on March 10ᵗʰ. Calculate the maximum depreciation expense for the real property during the current year, rounded to the nearest whole number. (Use MACRS Table 5)