Janice acquired and placed in service an apartment building on June 4,2023 , for $1,600,000. The value of the land is $300,000. Janice sold the apartment building on November 29, 2029. If required, round your answers to the nearest dollar. Click here to access the depreciation table to use for this problem. a. How is the property classified for MACRS? b. What is the life of the asset for MACRS? c. Determine Janice's cost recovery deduction for 2023 and 2029. 2023:5 2029:5