Q On August Sophia purchased and placed into service a commercial building years
for $building $ and land $ On January the commercial
building was contributed to the newly formed partnership S&L Commercial Properties Ltd At the
time of the contribution the building and land were valued at $building $
and land $
The initial tax annual tax depreciation equals $$ years. As of December
the adjusted tax basis of the building was $
There are months remaining the the class life for this commercial building.
Calculate the annual book depreciation using the remedial method found in Regulation $
for
Pick a answer.
$
$
$
$
