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19 July, 23:51

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? a. $6,099 b. $7,692 c. $11,538 d. $12,908

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  1. 20 July, 00:12
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    b. $7,692

    Explanation:

    Given that the useful life of nonresidential real property is 39 years,

    Cost of property = $300,000

    Month of purchase = March 2018

    Depreciation for 2019 = Cost/Useful life

    = $300,000/39

    = $7,692.31

    ≈ $7,692

    The property will be depreciated for the 12 months in 2019 and the depreciation expense is $7,692. Option b.
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