What is your first year depreciation

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Question

You have purchased a 6 unit apartment house for $1,000,000. Your capitalized closing costs are $10,000. The appraisal shows the land is valued at 400,000 and the improvements are valued at $600,000. What is your first year depreciation, assuming you own it for the entire year. Please show your calculations.

Reference no: EM133495411

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