Schedule E Depreciation - Calculating Correctly??

[Yardley CPA]

Can someone please run this depreciation and let me know what your system indicates the current year depreciation amount is:

• Rental Residence - Family House 
• Date acquired and placed in service 1/1/14
• Cost Basis  $200,000 (net of land)
• Prior Depreciation 14,242
• Mid Month

Thank you.  

 

[Possi]

7272

[jasdlm]

$7,272.  Take $200,000 and divide by 27.5.  Neat since date in service is 1/1/14.  Yes, I also ran it through my software to double-check :).

[Yardley CPA]

Thank you very much.