On July 18 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 $1,595,500; $463,000 was allocated to the basis of the land and the remaining $1,132,500 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 October 12 of year 3?__________

3) Answer the question in part (a), except assume the building was purchased and placed in service on May 6 instead of July 18.

a) Year 1 - Depreciation Expense?_____

b) Year 2--Depreciation Expense?_____

c) Year 3---Depreciation Expense?-------