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Assume that you purchased a commercial property (39 years) for $10,000,000 on May 31,2018, with...

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Accounting

Assume that you purchased a commercial property (39 years) for $10,000,000 on May 31,2018, with 20% of the purchase price attributed to land value. You decide to sell on november 17th,2023. What is the amount of depriciation claimed for the holding period? (using straight line depriciation and $8,000,000 as the total depriciable amount)

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