What is the depreciation expense

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Question - Purchased Home in 1971 for $1.7 million.

Capital improvements at a cost of $20.2 million through 2020. No Improvements made in 2020.

Consolidated B/S at 12/31/2020 and 2019, at a net book value of $2.1 million and $2.4 million, including all improvements and after accumulated depreciation.

Appraisal value was $160 million, asking price was $250 million, as of 12/31/2020.

Required - What is the 2020 depreciation expense?

Reference no: EM132918263

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