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  3. Study Set
    Concepts in Federal Taxation
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    Exam 10: Cost Recovery on Property: Depreciation, depletion, and Amortization
  5. Question
    Rafael Bought an Apartment Building on March 27,2010,at a Cost
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Rafael Bought an Apartment Building on March 27,2010,at a Cost

Question 2

Question 2

Multiple Choice

Rafael bought an apartment building on March 27,2010,at a cost of $2,000,000 (exclusive of the cost allocated to the land) .He sells the building on November 3,2016.What is Rafael's cost recovery deduction on the building for 2016 if he wants to take the maximum deduction allowable on the building?


A) $44,870
B) $63,630
C) $66,660
D) $69,690
E) $72,740

Correct Answer:

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