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Tom Tom LLC purchased a rental house and land during the current year for $154,000....

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Tom Tom LLC purchased a rental house and land during the current year for $154,000. The purchase price was allocated as follows: $102,000 to the building and $52.000 to the land. The property was placed in service on May 22. Calculate Tom Tom's maximum depreciation for this first year. (Use MACRS Table 3.) Note: Round final answer to the nearest whole number. Multiple Choice $1,637 $2,318 $2,472 $1,637 $2,318 $2,472 $3,500 None of the choices are correct. TABLE 3 Residential Rental Property Mid Menth Convention Straight Line-27.5 Ycars

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