Solved: The property was placed in service on august 12 calculate, Accounting Basics

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The property was placed in service on august 12 calculate

Question - Popluck LLC purchased a warehouse and land during the current year for $350,000. The purchase price was allocated as follows: $275,000 to the building and $75,000 to the and. The property was placed in service on August 12. Calculate Popluck's maximum depreciation for this first year, rounded to the nearest whole number:

A. 2,648

B. 3,371

C. 3,751

D. 4,774

E. None of the following

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Accounting Basics: The property was placed in service on august 12 calculate

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