Steve Corp Bought a $600,000 Apartment Building in June of 2016.Of

Steve Corp bought a $600,000 apartment building in June of 2016.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 2017 (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