8. You and your partner purchased an apartment complex that cost $1,000,000 in June of 2010. The complex was sold in December of 2018 for $750,000. What is the depreciation deduction for the last year? b. $34,845 a. $26,133.75
8. You and your partner purchased an apartment complex that cost $1,000,000 in June of 2010. The complex was sold in December of 2018 for $750,000. What is the depreciation deduction for the last year? b. $34,845 a. $26,133.75
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![8. You and your partner purchased an apartment complex that cost $1,000,000 in June of 2010. The complex was
sold in December of 2018 for $750,000. What is the depreciation deduction for the last year?
a. $26,133.75
b. $34,845
$27,270
c. $36,360](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90535484-f7a0-4ca1-8e87-15e77c45b014%2F7d54d57d-fa4b-4aa4-974e-26f3d9c8cace%2F89sxq8p_processed.png&w=3840&q=75)
Transcribed Image Text:8. You and your partner purchased an apartment complex that cost $1,000,000 in June of 2010. The complex was
sold in December of 2018 for $750,000. What is the depreciation deduction for the last year?
a. $26,133.75
b. $34,845
$27,270
c. $36,360
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