An office building is determined to have a cost of $15,000,000 for depreciation. What is the depreciation amount for the first year if the building was purchased on January 1st

$ 384615

Explanation:

According to the US tax code ,

Depreciation for office building = Original cost divided by 39

Given: An office building is determined to have a cost of $15,000,000 for depreciation.

The depreciation amount for the first year = ($15,000,000) ÷ 39

≈ $ 384615

Hence, the  depreciation amount for the first year =$ 384615

the answer is a.

by: nicholas dooley