Oscar bought an $800,000 apartment building on July 28, 2015. On August 15, 2015, he purchased $300,000 of 5-year class assets. Oscar elects to take the maximum expense on every asset. What is the maximum cost recovery deduction Oscar can take in 2015?

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The Answer of Oscar bought an $800,000 apartment building on July 28, 2015. On August 15, 2015, he purchased $300,000 of 5-year class assets. Oscar elects to take the maximum expense on every asset. What is the maximum cost recovery deduction Oscar can take in 2015?

Oscar Bought an $800,000 Apartment Building on July 28, 2015