On May 2, 2018, Scott purchased a commercial building.The cost basis assigned to the building is $600,000.Scott also owns a residential apartment building he purchased on June 15, 2017 with a cost basis of $400,000.
a.Calculate Scott's total depreciation deduction for the buildings for 2018, using the Modified Accelerated Cost Recovery System.
b.Calculate Scott's total depreciation deduction for the buildings for 2019, using the Modified Accelerated Cost Recovery System.
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