Paragon Properties built a shopping center at a cost of $50M in year 2010. The company started leasing space in July of 2014. The land was purchased for $5M. Determine the depreciation charges through 2017 if the property was sold in November 2017.
A) $3,563,100
B) $5,002,200
C) $3,991,050
D) $4,615,200
Correct Answer:
Verified
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