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Required Informetlon [The following information applies to the questions displayed below.J On May 20 of year 1 Javier purchased a building, including the land it

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Required Informetlon [The following information applies to the questions displayed below.J 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 3, Table 4 and Table 5.) (Do not round Intermedlate calculatlons. 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? ear 3 depreciation deduction

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