7) You purchased a commercial building and lot for $190,000 on March 3rd, 2020. The lot itself was valued at $70,000 when purchased. You sold the lot and building for $450,000 on April 15th of 2021. Use MACRS depreciation and note that this property is considered non-residential real property. What are your allowable tax depreciation amounts for those two years? 2020 2021 7) You purchased a commercial building and lot for $190,000 on March 3rd, 2020. The lot itself was valued at $70,000 when purchased. You sold the lot and building for $450,000 on April 15th of 2021. Use MACRS depreciation and note that this property is considered non-residential real property. What are your allowable tax depreciation amounts for those two years? 2020 2021