Simpson Company, a Calendar Year Taxpayer, Acquires an Apartment Building

question 108

Multiple Choice

Simpson Company, a calendar year taxpayer, acquires an apartment building on March 22, 2018 for $900,000. What is the maximum cost recovery deduction it may take for 2018?

• A) $18,297.
• B) $22,617.
• C) $25,911.
• D) $31,365.