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Calculate Simmons maximum depreciation

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Reference no: EM132497052

Question - Jeckyll LLC purchased an office building and land several year ago for $950,000. The purchase price was allocated as follow: $800,000 to the building and $150,000 to the land. The property was placed in service on January 10. If the property is disposed of on October 2 during the 8th year, calculate Simmons's maximum depreciation in the 8th year.

Reference no: EM132497052

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