Determine the depreciable life of the apartment building

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A local contractor purchased a building in downtown Houghton in 2018. In 2019, the contractor began renovating the building to convert the office space into apartments. The newly converted apartment building went into service on August 12, 2019. Determine: (1) the depreciable life of the apartment building (the life of the asset), and (2) how many months of depreciation the apartment building earned during the year 2019.

Reference no: EM133081801

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