Atiqa Took Out of Service and Sold a Residential Rental

question 65

Multiple Choice

Atiqa took out of service and sold a residential rental property on October 31 of this year.She had originally acquired the property in July ten years ago.The building (excluding the value of the land) cost $1,000,000.How much is her current year depreciation deduction?

• A)$30,300
• B)$36,360
• C)$18,182
• D)$28,785

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