Business, 29.06.2020 01:01 lindseyreneesmith7

Carl purchased an apartment complex for $2.6 million on March 17 of year 1. of the purchase price, $1,050,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $75,000. What is Carl's allowable depreciation deduction for his real property for years 1 and 2? (Round your final answers to the nearest whole dollar amount.)

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Carl purchased an apartment complex for $2.6 million on March 17 of year 1. of the purchase price, $...

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