On February 26 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,406,000; $371,000 was allocated to the basis of the land and the remaining $1,035,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

1) Using MACRS, what is Javiers depreciation expense on the building for years 1 through 3? a) Year 1____ b) Year 2_____ c) Year 3_______ 2) What would be the year 3 depreciation expense if the building was sold on December 15 of year 3?______________ 3) Answer the question in part (a), except assume the building was purchased and placed in service on January 22 instead of February 26. a) Year 1 - Depreciation Expense?_____ b) Year 2--Depreciation Expense?_____ c) Year 3---Depreciation Expense?------- 4)Answer the question in part (1), except assume that the building is residential property a) Year 1____ b) Year 2_____ c) Year 3_______