Question

Stanley purchases nonresidential real property costing $300,000 and places it in service in March 2018. What is Stanley's 2019 depreciation on the property

Answer 1

$7,692.31

Step-by-step explanation:

Given;

Cost of non-residential real property = $300,000

Purchased in March 2018.

Useful life of non-residential real property = 39 years

Annual Depreciation = cost/useful life

= $300,000/ 39

= $7,692.31

Stanley's 2019 depreciation on the property amounts to $7,692.31.