Required information Problem 10-51 (LO 10-2) [The following information applies to the questions displayed below.) Part 1 of 5 On May 20 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 $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 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.) 2.01/3 points awarded Scored Problem 10-51 Part-a eBook Print References a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year Depreciation deduction $ 3,033 $ 24,230 24,230 WN Required information Problem 10-51 (LO 10-2) [The following information applies to the questions displayed below.] Part 2 of 5 On May 20 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 $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 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.) 0/3 points awarded Scored Problem 10-51 Part-b eBook Print References b. What would be the year 3 depreciation deduction if the building was sold on January 18 of year 3? Year 3 depreciation deduction $ 21,201 Required information Problem 10-51 (LO 10-2) [The following information applies to the questions displayed below.] Part 4 of 5 On May 20 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 $1,337,000; $392,000 was allocated to the basis of the land and the remaining $945,000 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.) 0/3 points awarded Scored Problem 10-51 Part-d eBook Print References d. Assume the building is residential property. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year 1 2 Depreciation deduction $ 30,004 X $ 30,004 > 30,004