Ray Electric Company purchased a 10,000 ft office space for $1,000,000 to relocate its engineering office on May 1, 2018. Determine the allowed depreciation in years 2018 and 2019. (Note: There is no land value included in the purchase price.) Click the icon to view the MACRS depreciation schedules for nonresidential real property. Compute the allowed depreciation and fill in the table below. (Round to the nearest dollar.) Year 2018 2019 Depreciation More Info 10 The MACRS percentages for nonresidential real property: Straight-line over 39 years with midmonth convention Month Property is Placed in Service 1 2 3 4 5 6 7 8 9 11 12 2.4573 2.2436 2.0299 1.8162 1.6026 1.3889 1.1752 0.9615 0.7479 0.5342 0.3205 0.1068 2.5641 2.5641 2.5641 2.5641 2.5641 2.5641 2.5641 2.5641 2.5641 2.5641 2.5641 2.5641 0.1068 0.3205 0.5342 0.7479 0.9615 1.1752 1.3889 1.6026 1.8162 2.0299 2.2436 2.4573 Year n 1 2-39 40 - X