Della purchased a warehouse on February 25,2014,for $350,000.$45,000 of the price was for the land.What is her cost recovery deduction for 2014 rounded to the nearest dollar?

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The cost recovery deduction is calculated using the building's cost basis, which is $305,000 ($350,000 - $45,000 for land). For nonresidential real property, the recovery period is 39 years. The deduction for 2014 is calculated using the mid-month convention: $305,000 / 39 years * (10.5/12 months) = $6,853.

Della Purchased a Warehouse on February 25,2014,for $350,000