(Answered) An income property sold for 210000 the annual real

Management Studies

An income property sold for $210,000. The annual real property tax bill showed assessed value to be: Land $15,120; Improvements $35,280. To determine the amount to be used for depreciation for income tax purposes the owner used the assessment figures as a basis for his calculations. Which of the following most nearly reflects the depreciable amount? Show your work.

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