7. Fine LLC purchased an office building and land years ago for $250,000. The purchase...
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Accounting
7. Fine LLC purchased an office building and land years ago for $250,000. The purchase price was allocated as follows: $200,000 to the building and $50,000 to the land. The property was placed in service on October 12. If the property is disposed of on February 2 during the 10th year, calculate Fine's maximum depreciation in the 10th year.
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