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Required information Problem 02-51 (LO 02-2) (Static) [The following information applies to the questions displayed below.] On November 10 of year 1, Javier purchased
Required information Problem 02-51 (LO 02-2) (Static) [The following information applies to the questions displayed below.] On November 10 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 $1,200,000; $300,000 was allocated to the basis of the land and the remaining $900,000 was allocated to the basis of the building. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Problem 02-51 Part c (Static) c. Assume the building was purchased and placed in service on March 3 instead of November 10. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year 1 Year 2 Year 3 Depreciation Deduction
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