On May 20 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 $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 was allocated to the basis of the building.

c. Assume the building was purchased and placed in service on January 14 instead of May 20. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3?

d. Assume the building is residential property. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3?

e. What would be the depreciation for 2022, 2023, and 2024 if the property were nonresidential property purchased and placed in service May 20, 2005 (assume the same original basis)?