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PLEASE HELP ME Problem 8-4 (Algorithmic) Modified Accelerated Cost Recovery System (MACRS) (LO...

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Problem 8-4 (Algorithmic) Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) On May 8, 2020, Holly purchased a residential apartment building. The cost basis assigned to the building is $263,000. Holly also owns another residential apartm building that she purchased on August 15, 2020, with cost basis of $145,500. Click here to access the depreciation tables. If required, round intermediate calculations and final answers to nearest dollar. a. Calculate Holly's total depreciation deduction for the apartments for 2020 using MACRS. 10,513 x Feedback b. Calculate Holly's total depreciation deduction for the apartments for 2021 using MACRS. 15,290 Feedback Feedback Check My Work Incorrect

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