Required information Problem 10-51 (LO 10-2) (Algo) [The following information applies to the questions displayed below.) On June 12 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 $1,496,000; $496,000 was allocated to the basis of the land and the remaining $1,000,000 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 a (Algo) a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year Depreciation deduction 1 2 3 b. What would be the year 3 depreciation deduction if the building was sold on March 15 of year 3? Year 3 depreciation deduction