Tom purchased a condo in Mississippi for rental property at a cost of $106,600. Using the class recovery period for assets, how many years will he be able to depreciate the property and what is the amount each year?

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The Answer of Tom purchased a condo in Mississippi for rental property at a cost of $106,600. Using the class recovery period for assets, how many years will he be able to depreciate the property and what is the amount each year?

Tom Purchased a Condo in Mississippi for Rental Property at a Cost