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A business purchased a commercial property for $400,000. The land value was estimated to be $50,000. The building was placed in service on September 1st.

A business purchased a commercial property for $400,000. The land value was estimated to be $50,000. The building was placed in service on September 1st. Use the column for the month of taxable year placed in service for the Modified Accelerated Cost Recovery System (MACRS) depreciation table below. Tax law Nonresidential Real Property (39 years) - placed in service on or after May 13, 1995. MACRS Depreciation Table (in percentages) YEAR Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Year 1 2.46 2.2472.0331.8191.6051.3911.1770.9630.7490.5350.3210.10 Year 392.5642.5642.5642.5642.5642.5642.5642.5642.5642.5642.5642.564 Year 40 0.1070.3210.5350.7490.9631.1771.3911.6051.1892.0332.2472.46 What is the appropriate MACRS depreciation deduction for the year placed in service

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