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On June 1 of the Current Year,Jack and Angie Purchased

Question 16

Multiple Choice

On June 1 of the current year,Jack and Angie purchased a rental beach house for $900,000 and rented it right away.Of that amount,$600,000 was for the land value.How much depreciation deduction can Jack and Angie take in the current year? (You may need to refer to the depreciation tables. )


A) $11,820
B) $10,909
C) $5,910
D) $17,730

Correct Answer:

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