On July 2 of the current year, Farb purchased and placed into service an apartment...
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Accounting
On July 2 of the current year, Farb purchased and placed into service an apartment building in midtown and immediately began renting it. The portion of the cost allocated to the building was $400,000. Farb s maximum depreciation deduction for the year is
$4,701
$5,000
$5,128
$6,667
$7,273
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