wrms4098 wrms4098
  • 06-06-2023
  • Business
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Tangerine Company, a calendar year taxpayer, paid $1,388,000 for a residential apartment complex and allocated $277,600 of the cost to land. Tangerine placed the building in service on October 10. Compute Tangerine’s first year depreciation expense.
a. $10,521
b. $11,781
c. $8,417
d. $40,378

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