On January 6,2021, Barkley Alabama and his wife Mickey purchase a property on one acre...
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On January Barkley Alabama and his wife Mickey purchase a property on one acre in MarthasVineyard as an investment rental property. The estate was purchased for $ The property wasplaced into service on August st and has been rented ever since. According to the realestate bill on the date of sale, the house was assessed at $ and the land was assessed at $ The purchase price included $ of fixtures and $ of land improvements. Separately on May st of Barkley and Mickey purchased new appliances in the amount of $ for therental. They choose to elect neither Section nor Bonus depreciation ptsa Create the Schedule of depreciation for the rental property at the end of b If the rental income were $ in how much bonus and Section depreciation could they take in
On January Barkley Alabama and his wife Mickey purchase a property on one acre in MarthasVineyard as an investment rental property. The estate was purchased for $ The property wasplaced into service on August st and has been rented ever since. According to the realestate bill on the date of sale, the house was assessed at $ and the land was assessed at $ The purchase price included $ of fixtures and $ of land improvements. Separately on May st of Barkley and Mickey purchased new appliances in the amount of $ for therental. They choose to elect neither Section nor Bonus depreciation ptsa Create the Schedule of depreciation for the rental property at the end of
b If the rental income were $ in how much bonus and Section depreciation could they take in
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