Lopez Acquired A Building On June 1 2013 For 42 831 100 Compute The Depreciation

Lopez acquired a building on June 1, 2013, for $42,831,100. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential.

a) If the building is classified as residential rental real estate, Lopez’s cost recovery deduction is ___ for 2018.

b) If the building is classified as nonresidential real estate, Lopez’s cost recovery deduction is ___ for 2018

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