Ying pays $170,000 for an office building on August 27, 2013, to use in his consulting business. He properly allocates $150,000 to the building and $20,000 to the land. What is Ying's 2014 depreciation deduction on the property?
A) $1,124
B) $1,443
C) $1,923
D) $3,846
E) $5,454

Question

Quizplus · Accepted Answer

The Answer of Ying pays $170,000 for an office building on August 27, 2013, to use in his consulting business. He properly allocates $150,000 to the building and $20,000 to the land. What is Ying's 2014 depreciation deduction on the property?
A) $1,124
B) $1,443
C) $1,923
D) $3,846
E) $5,454

Ying Pays $170,000 for an Office Building on August 27