Required information [The following information applies to the questions displayed below! 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 Table 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 Required information The following information applies to the questions displayed below.) 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 2. Table 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 1