Calculate the maximum depreciation expense

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Question - An office building was purchased on December 9th several years ago for $2,500,000. The purchase price was allocated as follows: building $1,900,000 and land $600,000. During the current year, the 10 year, the building was sold on March 10. Calculate the maximum depreciation expense for the real property during the current year, rounded to the nearest whole number.

Reference no: EM132938958

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