7. Prepare a depreciation schedule to be used for tax purposes for a $1,560,000 office building. The office building is placed in service in the third month of the company's tax year. The cost of the land is not included in the $1,560,000. Ignore any special depreciation allowances. TABLE 5-517 Depreciation Percentages for the Midmonth Convention MONTH PLACED IN SERVICE DISPOSED OF 1st 0.9583 0.0417 2nd 0.8750 0.1250 3rd 0.7917 0.2083. 4th 0.7083 0.2917 5th 0.6250 0.3750 6th 0.5417 0.4583 7th 0.4583 0.5417 8th 0.3750 0.6250 9th 0.2917 0.7083 10th 0.2083 0.7917 11th 0.1250 0.8750 12th 0.0417 0.9583