ohn purchases residential rental property on June 30, 2017 for a cost of $290,000. Of...
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Accounting
ohn purchases residential rental property on June 30, 2017 for a cost of $290,000. Of this amount, $140,000 is allocable to the cost of the home and the remaining $150,000 is allocable to the cost of the land. What is John's maximum depreciation deduction for 2017?
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