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snow_tiger [21]
3 years ago
7

Stanley purchases nonresidential real property costing $300,000 and places it in service in March 2018. What is Stanley's 2019 d

epreciation on the property?a. $6,099 b. $7,692 c. $11,538 d. $12,908
Business
1 answer:
dmitriy555 [2]3 years ago
5 0

Answer:

b. $7,692

Explanation:

Given that the useful life of nonresidential real property is 39 years,

Cost of property = $300,000

Month of purchase = March 2018

Depreciation for 2019 = Cost/Useful life

                                    = $300,000/39

                                    = $7,692.31

                                    ≈ $7,692

The property will be depreciated for the 12 months in 2019 and the depreciation expense is  $7,692. Option b.

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