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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

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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 c (Algo) Javier's depreciation c. Assume the building was purchased and placed in service on April 6 instead of June 12. Using MACRS, deduction on the building for years 1 through 3? Depreciation Doduction Year 1 Year 2 Year 3 d. Assume the building is residential property. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 37 Depreciation Expense Year 1 Year 2 Year 3 e. What would be the depreciation for 2021, 2022, and 2023 if the property were nonresidential property purchased and placed in service June 12, 2004 (assume the same original basis)? Year Depreciation Expense 2021 2022 2023

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