Prepare a depreciation schedule to be used for tax purposes for a $1,170,000 office building. The office building is placed in service in the fifth month of the company’s tax year. The cost of the land is not included in the $1,170,000. Ignore any special depreciation allowances.
Prepare a depreciation schedule to be used for tax purposes for a $495,000 apartment building. The apartment building is placed in service in the ninth month of the company’s tax year. The cost of the land is not included in the $495,000. Ignore any special depreciation allowances.
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