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What is the depreciation allowed or allowable

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Question - On January 28, 2021, Tsate sold land for $180,000 (basis to Tsate of $130,000). The land was purchased 6 years ago as an investment. Tsate received $50,000 as a down payment and the buyer's 10-year note for $130,000. The note is payable at the rate of $13,000 per year plus 2.5 percent interest. On December 31, 2021, Tsate received a payment of $16,250 that included $3,250 of interest. What is the Depreciation allowed or allowable?

Reference no: EM133156514

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