On June 1st of the current year, Nancy and Dean purchased a rental beach house for $1,200,000. Of that amount, $800,000 was for the land value. How much depreciation deduction can Nancy and Dean take in the current year? (You may need to refer to the depreciation tables.)
A. $14,545.
B. $23,640.
C. $15,760.
D. $7,880.
Answer: D
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