Federal income tax deduction per year for depreciation

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Imagine that you buy a house as a rental property. The cost of buying the house was $350,000, of which $75,000 is the value of the land. Approximately how much can be used as a federal income tax deduction per year for depreciation?

  • $0
  • $2,750
  • $3,500
  • $10,000
  • $27,500

Reference no: EM132455577

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