On june 1 of the current year, jack and angie purchased a rental beach house for $900,000 and rented it right away. of that amount, $600,000 was for the land value. how much depreciation deduction can jack and angie take in the current year? (you may need to refer to the depreciation tables.)
$5,910 was the depreciation deduction
can Jack and Angie take in the current year. On June 1 of the current year, they
purchased a rental beach house for $900,000 and rented it right away of that
amount, $600,000 for the land value.
