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Required information [The following information applies to the questions displayed below.] Carl purchased an apartment complex for $2.1 million on March 17 of year 1

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Required information [The following information applies to the questions displayed below.] Carl purchased an apartment complex for $2.1 million on March 17 of year 1 . of the purchase price, $800,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $70,000. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Note: Enter your answers in dollars and not in millions of dollars. a. What is Carl's allowable depreciation deduction for his real property for years 1 and 2 ? Note: Round your final answers to the nearest whole dollar amount. Carl purchased an apartment complex for $2.1 million on March 17 of year 1 . of the purchase price, $800,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $70,000. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Note: Enter your answers in dollars and not in millions of dollars. What is Carl's allowable depreciation deduction for year 3 if the real property is sold on January 2 of year 3 ? te: Do not round intermediate computations. Round your final answer to the nearest whole dollar amount

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