Rafael bought an apartment building on March 27, 2012, for use as rental property at a cost of $2,000,000 (exclusive of the cost allocated to the land). He sells the building on November 3, 2019. What is Rafael's cost recovery deduction on the building for 2019 if he elects regular MACRS depreciation allowable on the building?
A. $44,870
B. $63,630
C. $66,660
D. $69,690
E. $72,740
Answer: B
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