Calculate Holly total depreciation deduction

Reference no: EM132720527

Question - On December 8, 2019, Holly purchased a residential apartment building. The cost basis assigned to the building is $186,600. Holly also owns another residential apartment building that she purchased on October 15, 2019, with a cost basis of $140,000.

Required -

A. Calculate Holly's total depreciation deduction for the apartments for 2019 using MACRS.

B. Calculate Holly's total depreciation deduction for the apartments for 2020 using MACRS.

Reference no: EM132720527

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