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25 May, 16:00

On June 1st of the current year, Nancy and Dean purchased a rental beach house for $1,200,000. Of that amount, $800,000 was for the land value. How much depreciation deduction can Nancy and Dean take in the current year?

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  1. 25 May, 19:45
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    Amount Available for Depreciation = 1200,000-800,000 = 400,000

    Depreciation = 400,000*X%

    There should be the depreciation table to refer to and find X
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