Problem 8-4 Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) On March 8, 2019, Holly purchased a residential apartment building. The cost basis assigned to the building is $700,000. Holly also owns another residential apartment building that she purchased on October 15, 2019, with a cost basis of $400,000. Click here to access the depreciation tables.

a. Calculate Holly's total depreciation deduction for the apartments for 2019 using MACRS.

$ b. Calculate Holly's total depreciation deduction for the apartments for 2020 using MACRS. $