Steve Corp Bought a $600,000 Apartment Building in June of 2013

Steve Corp bought a $600,000 apartment building in June of 2013. Of the purchase price, $104,950 is allocated to the value of the land. What is the maximum amount of depreciation that the company can claim in 2014 (year 2) for the building?

A) $9,752
B) $18,000
C) $25,000 under the election to expense business property
D) $21,816
E) You cannot depreciate property costing over $500,000