Modified Accelerated Cost Recovery System $($MACRS$)$ and Bonus Depreciation $($LO $8\mathrm{.}2)$

On February $8,2023,$ Holly purchased a residential apartment building. The cost basis assigned to the building is $\backslash (\backslash$$ $209,000\backslash ).$ Holly also owns another residential apartment building that she purchased on July $15,2023,$ with a cost basis of $\backslash (\backslash$$ $384,200\backslash ).$

Click here to access the depreciation tables.

If required, round intermediate calculations and final answers to nearest dollar.

a$.$ Calculate Holly's total depreciation deduction for the apartments for $2023$ using MACRS and assuming she does not elect out of bonus depreciation.

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b$.$ Calculate Holly's total depreciation deduction for the apartments for $2024$ using MACRS.

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