Lopez acquired a building on June 1, 2014, for $18,760,000. Compute the depreciation deduction assuming the building is classified as (a) residential...
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<ol><li>Lopez acquired a building on June 1, 2014, for $18,760,000. Compute the depreciation deduction

assuming the building is classified as (a) residential and (b) non residential.</li><li><strong>Click here to access the depreciation table to use for this problem.</strong></li><li><strong>If required, round your answers to the nearest dollar.</strong></li><li><strong>a. </strong>Calculate Lopez's cost recovery deduction for 2019 if the building is classified as residential rental real estate.</li><li> $</li><li><strong> b. </strong>Calculate Lopez's cost recovery deduction for 2019 if the building is classified as nonresidential real estate. </li><li>$</li></ol>

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