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Arisa [49]
3 years ago
12

Jenny constructed a building for use as a residential rental property. The cost of the building was $82,488, and it was placed i

n service on August 1, 1994. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2018 for tax purposes?
Social Studies
1 answer:
Brums [2.3K]3 years ago
8 0

Answer: $3000

Explanation:

Depreciation = 82488/27.5 =$3000

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