Compute the modified accelerated cost recovery system

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Reference no: EM13803356

On July 1, Nancy paid $600,000 for a commercial building and an additional $150,000 for the land on which it stands. Four years later, also on July 1, she sold the property for $850,000. Compute the modified accelerated cost recovery system depreciation for each of the five calendar years during which she had the property.

Reference no: EM13803356

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