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An office building was purchased on December 9th several years ago for $2,500,000. The purchase price was allocated as follows: building $2,000,000, landscaping $100,000, and land $400,000. During 2013, the 10th year, the building was sold on March 10th. Calculate the maximum depreciation expense for the real property during 2013, rounded to the nearest whole number.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9957015

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