Required information

Problem $10-51($LO $10-2)($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 $1,$ Table $2,$ Table $3,$ Table $4$ and Table $5.)$

Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.

Problem $10-51$ Part a $($Algo$)$

a$.$ Using MACRS, what is Javier's depreciation deduction on the building for years $1?$ Year $2$ and $3$ are correct!