On August 11, 2018, Nancy acquired and placed into service residential rental property, which cost $430,000; the cost of the land has been excluded. Nancy annually elects the maximum allowed Sec. 179 deduction. The total depreciation for the year is (rounded)
A) $5,865.
B) $4,141.
C) $5,117.
D) $15,636.
A) $5,865.
$430,000 × .01364 = $5,865. Real property is not eligible for Sec. 179 depreciation. (Table 7 in Appendix C)
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