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HINT it's not 4. Question 1 2/5 pts Upon graduation, four...

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HINT it's not 4.

Question 1 2/5 pts Upon graduation, four Civil Engineering students form the company 4B, LLC (four builders). Their first project is the complete restoration and renovation of an 80-unit apartment complex on North Perkins Road. Before signing the contract the 4B, LLC wants to determine the depreciation for the property using the MACRS depreciation method. The asking price is $100,000 for the land and $1,000,000 for the apartment building for a total of $1,100,000. If the purchase takes place in August and assuming 4B, LLC is planning on selling the apartment building in June of the third year. Using MACRS, what is the depreciation write-off for year 3 (dz) if the property is sold in June of that year? 1. $ 7,333 2. $16,667 3. $28,250 4. $34,500

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