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Required information (The following information applies to the questions displayed below.) On April 17 of year 1 Javier purchased and placed in service a building,
Required information (The following information applies to the questions displayed below.) On April 17 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 $1,533,000; $393,000 was allocated to the basis of the land and the remaining $1,140,000 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 February 9 of year 3? Year 3 depreciation deduction $ 29,230 X
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