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Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated...

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Accounting

Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the building was located. The building's salvage value was estimated to be $50,000. The corporation's current year depreciation deduction for the building is:

a. $3,590

b. $4,872

c. $5,641

d. $6,909

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