LO 7.2 9. On August 8, 2010, Holly purchased a residential apartment building. The cost basis assigned to the building is $800,000. Holly also owns another residential apartment building that she purchased on June 15, 2010, with a cost basis of $500,000.

a. Calculate Holly’s total depreciation deduction for the apartments for 2010 using MACRS.

$ ____________

b. Calculate Holly’s total depreciation deduction for the apartments for 2011 using MACRS.