Mr. briggs purchased an apartment complex on january 10, Ask an Expert

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Mr. Briggs purchased an apartment complex on January 10, 2011 for $2 million with 10% of th price allocated to land. he sells the complex on October 22, 2013, for $2.5 million. Assume that 10% of the $2.5 million selling price is allocatd to land and 90% is allocated to the building. How much depreciation was allowed for 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
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