Paragon Properties built a shopping center at a cost of $50M in year 2010. The...
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Accounting
Paragon Properties built a shopping center at a cost of $50M in year 2010. The purchase of land accounted for $5M of the total cost. The company started leasing space in July of 2014. Determine the depreciation charges through 2017 if the property was sold in November 2017. Use the MACRS method assuming 7-year property. Answer to the nearest dollar
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