Multiple Choice
Jenny constructed a building for use as a residential rental property. The cost of the building was $164,975, and it was placed in service on August 1, 1990. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2014 for tax purposes?
A) $2,250
B) $3,000
C) $6,000
D) $6,547
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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