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please provide the answers for questions. thank you Exercise 8-21 (Algorithmic) (LO. 2) Lopez acquired a building on June 1, 2017, for $11,127,700. Compute the

please provide the answers for questions. thank you
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Exercise 8-21 (Algorithmic) (LO. 2) Lopez acquired a building on June 1, 2017, for $11,127,700. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. a. Caiculate Lopez's cost recovery deduction for 2022 if the building is classified as residential rental real estate. b. Calculate Lopez's cost recovery deduction for 2022 if the building is classified as nonresidential real estate. 2022 Tax Rate Schedules thibit 8.8 MACRS Straight-Line Depreciation for Real Property Assuming Mid-Month Convention* (Percentage Rates) For Property Fheced ia Service after December 31, 1906, and before May 13, 1991:31. S-Year Moaresidential Real Property Foe Property Pheed in Service after Mey 12, 1993: 3e-Fear Nenresidantial heal Froperty -The official tables contain a separate row for each year. For case of presentation, certain years are grouped in these tables. In some instances, this will produce a difference of .001 for the last digit when compared with the official tahles. Exhibit 8.6 Alternative Minimum Tax: 150% Declining-Balance Assuming Half-Year Convention (Percentage Rates) "The figures in this table are taken from the official table that appears in Rev. Proc. 87-57. Because of its length, the complete table is not presented. "*Switchover to straight-line depreciation. MACRS Straight-Line Depreciation for Personal Property Assuming Half-Year Convention * MACRS Accelerated Depreciation for Personal Property Assuming Mid-Quarter Convention (Percentage Rates) Exhibit 8.3 MACRS Accelerated Depreciation for Personal Property

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