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Lincoln Purchases Nonresidential Real Property Costing $300,000 and Places It

Question 23

Multiple Choice

Lincoln purchases nonresidential real property costing $300,000 and places it in service in March 2013.What is Lincoln's 2014 depreciation on the property?


A) $6,099
B) $7,692
C) $8,637
D) $10,908

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