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Required information Problem 10-51 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] On June 2 of year 1, Javier purchased a
Required information Problem 10-51 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] On June 2 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 $1,385,000; $380,000 was allocated to the basis of the land and the remaining $1,005,000 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 10-51 Part b (Algo) b. What would be the year 3 depreciation deduction if the building was sold on July 18 of year 3? Answer is complete but not entirely correct. Year 3 depreciation deduction 2,147
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