! Required information (The following information applies to the questions displayed below.) On May 20 of year 1 Javier purchased and placed in service 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.) b. What would be the year 3 depreciation deduction if the building was sold on January 18 of year 3? Year 3 depreciation deduction $ 2,019 a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year 1 Depreciation deduction $ 15,144 $ 24,230 24,230 2 3 $ 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 Depreciation deduction $ 21,477 $ 34,360 $ 34,360 2 3