Real Estate Math
A Wisconsin property is depreciated over 27.5 years (residential). It was purchased for $330,000, with the land valued at $30,000. What is the annual depreciation deduction?
A$10,909✓ Correct
B$12,000
C$10,286
D$11,182
Explanation
Depreciable basis = $330,000 − $30,000 (land) = $300,000. Annual depreciation = $300,000 ÷ 27.
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