On May 12 of year 1 Javier purchased and placed in service a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,495,000; $450,000 was allocated to the basis of the land and the remaining $1,045,000 was allocated to the basis of the building.

a. Using MACRS, what is Javiers depreciation deduction on the building for years 1 through 3?

b. What would be the year 3 depreciation deduction if the building was sold on March 11 of year 3?

c. Assume the building is residential property. Using MACRS, what is Javiers depreciation deduction on the building for years 1 through 3?