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On July 2 of the current year, Farb purchased and placed into service an apartment...

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Accounting

On July 2 of the current year, Farb purchased and placed into service an apartment building in midtown and immediately began renting it. The portion of the cost allocated to the building was $400,000. Farb s maximum depreciation deduction for the year is

$4,701

$5,000

$5,128

$6,667

$7,273

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