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In [ Year 1 ] [ , ] T , a calendar year taxpayer, decided to move her insurance business into another office building. She

In [Year 1][,] 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.
9-31(a) Compute Ts depreciation deduction for [Year 1].
(a)- Building - Table Method
Please enter T's depreciation deduction for the Building for the first year using the applicable Table (rounded to the nearest cent)

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