Kaskar Company, a calendar year taxpayer, paid $3,350,000 for a residential apartment complex and allocated...
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Accounting
Kaskar Company, a calendar year taxpayer, paid $3,350,000 for a residential apartment complex and allocated $350,000 of the cost to the land and $3,000,000 of the cost to the building. Kaskar place the realty in service on September 29. Refer to the appropriate MACRS Table in Chapter 7 to compute Kaskar's first-year depreciation on the realty.
$35,544
$22,470
$31,830
None of the above
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