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
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q85: On August 3, 2018, Yang purchases office
Q86: Which of the following correctly describe(s) cost
Q87: Daniel purchases 5-year class listed property on
Q88: A limitation exists on the annual amount
Q89: Under the computation of the alternative minimum
Q91: Weston purchases equipment classified as 7-year property
Q92: In 2018, Oscar purchases $2,150,000 of equipment.
Q93: Tucker Estates places an apartment building in
Q94: Wu Copy Shop purchases a new copy
Q95: Ralph buys a new truck (5-year MACRS