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Required information Skip to question [The following information applies to the questions displayed below.] On November 10 of year 1, Javier purchased a building, including
Required information
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[The following information applies to the questions displayed below.]
On November 10 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 $1,200,000; $300,000 was allocated to the basis of the land, and the remaining $900,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
e. What would be the depreciation for 2023, 2024, and 2025 if the property were nonresidential property purchased and placed in service November 10, 2006 (assume the same original basis)?
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