Tucker Estates places an apartment building in service on November 22,2010.The building's depreciable basis is $3,300,000.Tucker Estates sells the building on March 5,2013.What is Tucker Estates' 2013 depreciation deduction on the property?
A)$ 15,015
B)$ 21,828
C)$ 24,998
D)$119,988

Question

Quizplus · Accepted Answer

The building was sold on March 5, 2013, so the depreciation period is from January 1, 2013, to March 5, 2013, a total of 63 days. The annual depreciation is $3,300,000 / 39 = $84,615. The depreciation for 63 days is $84,615 * 63 / 365 = $14,998.

Tucker Estates Places an Apartment Building in Service on November