If a taxpayer purchases land worth 200000 with an office bui

If a taxpayer purchases land worth $200,000 with an office building valued at $100,000 on it, how are the two depreciated for tax purposes?

Land:

Office building:

Solution

land is worth $200,000

office is valued at $100,00

Total value =$300,000

Since only the office building is being used, the tax need to be paid only for $100,000