Rafael Bought an Apartment Building on March 27, 2011, at a Cost

Multiple Choice

Rafael bought an apartment building on March 27, 2011, at a cost of $2,000,000 (exclusive of the cost allocated to the land) . He sells the building on November 3, 2018. What is Rafael's cost recovery deduction on the building for 2018 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