Required information Problem 10-51 (LO 10-2) (Algo) [The following information applies to the questions displayed below.) On November 22 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 $1,692,500; $360,000 was allocated to the basis of the land and the remaining $1,332,500 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 c (Algo) c. Assume the building was purchased and placed in service on October 4 instead of November 22. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year 1 Depreciation deduction $ 32,793 $ 34,165 $ 34,165 2 3 Required information Problem 10-47 (LO 10-2) (Algo) [The following information applies to the questions displayed below.) DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 2/27 4/26 9/1 Cost Basis $ 9,500 $ 17,700 $ 338,000 Assuming DLW does not elect $179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 10-47 Part b (Algo) b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 4/1 of year 3? Year 3 Asset Cost Recovery Computer equipment $ 912 Furniture $ 1,548 Commercial building $ 1,082 X Total 3,542 * Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted