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Alja [10]
4 years ago
7

On june 1 of the current year, jack and angie purchased a rental beach house for $900,000 and rented it right away. of that amou

nt, $600,000 was for the land value. how much depreciation deduction can jack and angie take in the current year? (you may need to refer to the depreciation tables.)
Business
1 answer:
aniked [119]4 years ago
6 0

$5,910 was the depreciation deduction can Jack and Angie take in the current year. On June 1 of the current year, they purchased a rental beach house for $900,000 and rented it right away of that amount, $600,000 for the land value.


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