Multiple Choice
On June 1st of the current year,Kayla and Ralph purchased a rental beach house for $700,000.Of that amount,$400,000 was for the land value.How much depreciation deduction can they take in the current year? You may need to refer to the depreciation tables.)
A) $5,910.
B) $0.
C) $7,880.
D) $13,790.
Correct Answer:

Verified
Correct Answer:
Verified
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