Modified Accelerated Cost Recovery System (MACRS) (LO 7.4) On May 8, 2015, Holly purchased a residential apartment building. The cost basis assigned to the building is $800,000. Holly also owns another residential apartment building that she purchased on October 15, 2015, with a cost basis of $500,000. Click here to access the deprecation tables Calculate Holly's total depreciation deduction for the apartments for 2015 using MACRS. $ _________ Calculate Holly's total depreciation deduction for the apartments for 2016 using MACRS. $_____________