0 Required information The following information applies to the questions displayed below.] Carl purchased an apartment complex for $3.1 million on March 17 of year 1. of the purchase price, $1,300,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $80,000. (Use MACRS Table 1. Table 2. Table 3, Table 4 and Table 5.) (Enter your answers in dollars and not in millions of dollars.) b. What is Carl's allowable depreciation deduction for year 3 if the real property is sold on January 2 of year 3?(Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.) Year 3 depreciation expense TABLE 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 10-Year 15-Year 20-Year 7-Year 3-Year 5-Year Year 5.00% 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 3.750% 7.219 6.677 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 10.00% 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 33.33% 44.45 14.81 7.41 20.00% 32.00 19.20 11.52 11.52 5.76 2 4 5 6 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 10 5.90 12 5.90 2.95 16 17 18 19 20