On October 21, 2018, Jay purchased a commercial building. The cost basis assigned to the building is $700,000. Jay also owns a residential apartment building he purchased on June 15, 2017 with a cost basis of $500,000.

1) Calculate Jay's total depreciation deduction for the buildings for 2018, using MACRS.

2) Calculate Jay's total depreciation deduction for the commercial building for 2019, using MACRS.

Calculate the following amounts:

1) . The first year of depreciation on an auto used 100 percent in business, costing $30,000, purchased in May 2018. (No Section 179 or bonus depreciation).

2) The second year of depreciation on a computer used exclusively for business, costing $7,000, purchased May 2017.

3) The third year of depreciation on business furniture costing $1,000, purchased in July 2016, using the half-year convention and accelerated depreciation.