Solution-Federal income tax deduction per year for

Federal income tax deduction per year for depreciation

Reference no: EM131041242

Imagine that you buy a house as a rental property. The cost of buying the house was $350,000, of which $75,000 is the value of the land. Approximately how much can be used as a federal income tax deduction per year for depreciation?

$0
$2,750
$3,500
$10,000
$27,500

Reference no: EM131041242

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Federal income tax deduction per year for depreciation

Reference no: EM131041242

Reference no: EM131041242

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