Exercise 8-23 (LO.2) Lopez acquired a bullding on June 1, 2012, for $1,000,000. Compute the depreclation deduction assuming the building is clessified as (a) rsidential and (b) non residential Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar a. If the building is classified as residential rental real estate,Lopez's cost recovery deduction is b. If the building is classified as nonresidential real estate, Lopez's cost recovery deduction is for 2017