You purchased a commercial building and lot for 340000 on


You purchased a commercial building and lot for $340,000 on May 4th, 2014. The lot itself was valued at $85,000 when purchased. You sold the lot and building for $400,000 on March 15th of 2015. Use MACRS depreciation and note that this property is considered non-residential real property. What are your allowable tax depreciation amounts for those two years?

2014: __________

2015: __________

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Financial Management: You purchased a commercial building and lot for 340000 on
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