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Required information [ The following information applies to the questions displayed below. ] On February 1 7 of year 1 , Javier purchased a building,

Required information
[The following information applies to the questions displayed below.]
On February 17 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 $1,302,500;$295,000 was allocated to the basis of the
land and the remaining $1,007,500 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.
d. Assume the building was purchased and placed in service on February 17 of year 1
and is residential property.
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