39- On August 1 of the current year, Graham purchased and placed into service an office building costing $264,000, including $30,000 for the land. What was Graham's MACRS deduction for the office building in the current year?

$3,600

$2,250

$6,000

$9,600

40- Starr, a self-employed individual, purchased a piece of equipment for use in Starr's business. The costs associated with the acquisition of the equipment were:

Purchase price

$55,000

Delivery charges

725

Installation fees

300

Sales tax

3,400

What is the depreciable basis of the equipment?

$59,125

$58,400

$59,425

$55,000