Required information [The following Information applies to the questions displayed below.) On October 7 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 $1,304,500, $242,000 was allocated to the basis of the land and the remaining $1,062,500 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.) a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year Depreciation deduction 1 ces 2 3 CH 1 Required information The following information applies to the questions displayed below) On October 7 of year Javier purchased a building, including the land it was on, to assemble his new equipment The total cost of the purchase was $1,304,500: $242,000 was allocated to the basis of the land and the remaining $1.062,500 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 of the building was sold on May 12 of year 3? Yom precation onducto