1 Mary acquired and placed in service a building costing $1,000,000 on December 1, 2018 and sold on September 30, 2020. a Calculate depreciation for 2018 and 2020 if it is a residential apartment b Calculate depreciation for 2018 and 2020 if it is an office complex John Smith acquired a seven year property (Equipment) on Dec. 1, 2020 costing $80,000 calculate depreciation expense for 2021 2 a John Smith owns a house in Houston. The whole city suffrerd deep freeze in 2020. President declared Houston as disaster area on March 1, He bouht the the house for $1 Million. On March 1 the house got fire and suffrred heavy losses. At the time of thehouse ws worth $1.5 Million. After the fire house was worth $500,000. His AGI is$320,000. Calculate his casualty loss for 2020. b What would be casualty loss if President had not declared Houston as. a disaster area