An individual taxpayer purchases the following assets during $2023,$ and the assets are used $100\%$

in the taxpayer's sole proprietorship

$5-$year asset on March $27,2023,$ for $$128,000$

Non$-$Residential office building on June $25,2023,$ for $866,000$

$7-$year asset on November $15,2023,$ for $$290,000$

There are no income limitations

a$.$ What is total $2023$ depreciation if only MACRS $($no $179,$ no bonus$)$ is used? Make sure you

report the TOTAL for the three assets

b$.$ What is total $2024$ depreciation if only MACRS $($no $179,$ no bonus$)$ is used, assuming the

$5-$year asset is sold on April $21,2024?$ The other two assets were not sold in $2024.$

An individual taxpayer purchases a new $5-$year asset for her business on September $4,2023,$ for

$$2,200,000.$ Assume the maximum amount of depreciation is taken during $2023,$ there are no

other assets purchased during $2023,$ and there is no income limitation$.$

Report the depreciation deduction for all years