$560,000 Click here to access the depreciation tables. If required, round intermediate calculations and final answers to nearest dollar. a. Calculate Holly s total depreciation deduction for the apartments for 2021 usin y HACRS. X Faedhad Tcheamiros. The minimum number of years over which the cost of an asset may be deducted (the recovery period) depends on the type of the property and the year in which the property was acquired. The calculation of depreciation expense for tax purposes inve ves certa n conventicns and limitations. the propery to which the rate is applied is not retuced for proc years' depreciation: Note: There are different tables for residential realvy (E-g. an apa tument building) and ronresidential realty. b. Calculate Holly's total depreciation deduction for the apartments for 2022 using MACRS. X $560,000 Click here to access the depreciation tables. If required, round intermediate calculations and final answers to nearest dollar. a. Calculate Holly s total depreciation deduction for the apartments for 2021 usin y HACRS. X Faedhad Tcheamiros. The minimum number of years over which the cost of an asset may be deducted (the recovery period) depends on the type of the property and the year in which the property was acquired. The calculation of depreciation expense for tax purposes inve ves certa n conventicns and limitations. the propery to which the rate is applied is not retuced for proc years' depreciation: Note: There are different tables for residential realvy (E-g. an apa tument building) and ronresidential realty. b. Calculate Holly's total depreciation deduction for the apartments for 2022 using MACRS. X