In 2016 T, a calendar year taxpayer, decided to move her insurance business into another office building. She purchased a used building for $700,000 (excluding the land) on March 15. T also purchased new office furniture for the building. The furniture was acquired for $200,000 on May 1. Compute MACRS depreciation. Ignore first-year expensing and bonus depreciation. MACRS depreciation tables are located in the Appendix. Compute Ts depreciation deduction for 2016. Compute Ts depreciation deduction for 2017. Assuming the T sold the office building and the furniture on July 20, 2018, compute Ts depreciation for 2018. Answer (a), (b), and (c) above assuming that the furniture was purchased on October 20.