Real Estate Math
A Wyoming residential rental property has an improvement value of $275,000 depreciated over 27.5 years. What is the annual depreciation deduction?
A$7,500
B$10,000✓ Correct
C$27,500
D$100,000
Explanation
Annual depreciation = Improvement value / Useful life = $275,000 / 27.5 = $10,000 per year.
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