On Sept. 1, Year 1, ABC Company purchased land and a building to house its corporate offices for $600,000. The land value is approximately $200,000. If ABC Company sells the building and land on March 3, Year 3, what is the maximum amount of depreciation for Year 3? Round answer to the nearest whole dollar. (Answer format = $x,xxx or $xx,xxx or enter 0 if no depreciation is allowed) Answer: On Oct. 1, Year 1, ABC Company purchased manufacturing equipment (7 yr MACRS) for $600,000. ABC elected out of bonus depreciation and did not elect Section 179, and this was the only asset ABC placed in service during Year 1. If ABC Company sells the equipment on March 3, Year 3, what is the maximum amount of depreciation for Year 3? Round answer to the nearest whole dollar. (Answer format = $x,xxx or $xx,xxx or enter 0 if no depreciation is allowed) Answer: