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Prueba Required information Problem 02-51 (LO 02-2) (Algo) The following information applies to the questions displayed below) On March 18 of year 1, Javier purchased

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Prueba Required information Problem 02-51 (LO 02-2) (Algo) The following information applies to the questions displayed below) On March 18 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 $1,453,500, $396.000 was allocated to the basis of the land and the remaining $1,057,500 was allocated to the basis of the building (Use MACRS Table Table 2. Table 3. Table 4 and Table Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Problem 02-51 Part d (Algo) d. Assume the building is residential property. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Depreciation Expense Year 1 Yoar 2 Year 3

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