Question : 41. Jenny constructed a building for use as a residential rental : 1313576
41. Jenny constructed a building for use as a residential rental property. The cost of the building was $164,975, and it was placed in service on August 1, 1990. The building has a 27.5-year MACRS life. What is the amount of depreciation on the building for 2014 for tax purposes? a. $2,250 b. $3,000 c. $6,000 d. $6,547 e. None of the above 42. ABC Corp bought a production machine on […]