Required information Problem 10-51 (LO 10-2) (Algo) {The following information applies to the questions displayed below.) On May 6 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 $1,448,500: $306,000 was allocated to the basis of the land and the remaining $1,142,500 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 b (Algo) b. What would be the year 3 depreciation deduction if the building was sold on October 7 of year 3? Year 3 depreciation deduction