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Atiqa Took Out of Service and Sold a Residential Rental

Question 65

Multiple Choice

Atiqa took out of service and sold a residential rental property on October 31 of this year.She had originally acquired the property in July ten years ago.The building (excluding the value of the land) cost $1,000,000.How much is her current year depreciation deduction?


A) $30,300
B) $36,360
C) $18,182
D) $28,785

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