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Kaskar Company, a calendar year taxpayer, paid $3,350,000 for a residential apartment complex and allocated...

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Accounting

Kaskar Company, a calendar year taxpayer, paid $3,350,000 for a residential apartment complex and allocated $350,000 of the cost to the land and $3,000,000 of the cost to the building. Kaskar place the realty in service on September 29. Refer to the appropriate MACRS Table in Chapter 7 to compute Kaskar's first-year depreciation on the realty.

$35,544

$22,470

$31,830

None of the above

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