Poplock LLC Purchased a Warehouse and Land During the Current

Multiple Choice

Poplock LLC purchased a warehouse and land during the current year for $350,000. The purchase price was allocated as follows: $275,000 to the building and $75,000 to the land. The property was placed in service on August 12. Calculate Poplock's maximum depreciation for this first year, rounded to the nearest whole number:

A) $2,648
B) $3,371
C) $3,751
D) $4,774
E) None of these