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Beard llc bought a rental home and lot for 120000 during

Beard, LLC bought a rental home and lot for $120,000 during the current year. According to the appraisal, the purchase price is $105,000 to the home and the remaining $15,000 to the lot. It was placed in service on May 20th. What is the maximum depreciation?

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Accounting Basics: Beard llc bought a rental home and lot for 120000 during

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