William purchases nonresidential real property costing $300,000 and places it in service in March 2017. What is Lincoln's 2018 depreciation on the property?
A) $6,099
B) $7,692
C) $8,637
D) $10,908
B) $7,692
Depreciation for the second year on 39-year property is .02564 × $300,000 = $7,692 (Table 9 in Appendix C)
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