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Carl purchased an apartment complex for $2.8 million on March 17 of year 1. of the purchase price, $1,150,000 was attributable to the land the

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Carl purchased an apartment complex for $2.8 million on March 17 of year 1. of the purchase price, $1,150,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $77,000. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Enter your answers in dollars and not in millions of dollars.) Problem 10-52 Parta a. What is Carl's allowable depreciation deduction for his real property for years 1 and 2? (Round your final answers to the neare whole dollar amount.) Depreciation Deduction Year Carl purchased an apartment complex for $2.8 million on March 17 of year 1. of the purchase price, $1,150,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $77,000. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) (Enter your answers in dollars and not in millions of dollars.) Problem 10-52 Part-b b. What is Carl's allowable depreciation deduction for year 3 if the real property is sold on January 2 of year 3? (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.) Depreciation for year 3

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