Solved

Brent Purchases a New Warehouse Building on May 16,2015,for $6,000,000

Question 8

Multiple Choice

Brent purchases a new warehouse building on May 16,2015,for $6,000,000 (exclusive of the cost of the land) .What is Brent's 2016 depreciation deduction?


A) $- 0 -
B) $76,924
C) $153,840
D) $119,040
E) $400,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q5: Jim places a new lift truck (7-year

Q7: Under current law, taxpayers must use regular

Q11: Mountain View Development Co.purchases a new high

Q12: During 2016,Witt Processing Corporation places $210,000 of

Q13: Chestnut Furniture Company purchases a delivery van

Q30: Cost recoverable intangible properties include<br>I.Uranium ore.<br>II.Patents.<br>III.Agreements not

Q42: Felix purchases the franchise rights to a

Q59: What is the MACRS recovery period for

Q60: Pedro purchased used delivery equipment costing $80,000

Q80: Jason purchases a patent at a cost