2.Suppose that you acquired a commercial building (a drilling gear box plant) and put in service in January 2018. The cost of the property is $2,000,000, which includes $500,000 value of land....

Extracted text: 2.Suppose that you acquired a commercial building (a drilling gear box plant) and put in service in January 2018. The cost of the property is $2,000,000, which includes $500,000 value of land. Determine the amount of depreciation that is allowed during the first year of ownership, 2018, by the government. CCA rate for commercial building is 4%. Select one: a. $80,000 cross out b. $60,000 cross out c. $20,000 cross out d. $30,000 cross out Clear my choice ast saved at 1 2-24:24