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    Concepts in Federal Taxation
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    Exam 10: Cost Recovery on Property: Depreciation, depletion, and Amortization
  5. Question
    Ying Pays $170,000 for an Office Building on August 27,2015,to
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Ying Pays $170,000 for an Office Building on August 27,2015,to

Question 99

Question 99

Multiple Choice

Ying pays $170,000 for an office building on August 27,2015,to use in his consulting business.He properly allocates $150,000 to the building and $20,000 to the land.What is Ying's 2016 depreciation deduction on the property?


A) $1,124
B) $1,443
C) $1,923
D) $3,846
E) $5,454

Correct Answer:

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