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    Concepts in Federal Taxation
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    Exam 10: Cost Recovery on Property: Depreciation, Depletion, and Amortization
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    Wellington Apartments Purchases an Apartment Building on November 9, 2018
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Wellington Apartments Purchases an Apartment Building on November 9, 2018

Question 90

Question 90

Multiple Choice

Wellington Apartments purchases an apartment building on November 9, 2018, for $1,000,000 (exclusive of the cost allocated to the land) . What is the 2018 MACRS depreciation deduction?


A) $3,970
B) $4,550
C) $7,580
D) $36,364
E) $45,500

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