Sec. 179 Expensing and MACRS Depreciation. Ted is in the rental real estate business. During 2015, Ted purchased and placed in service the following assets: Apartment building costing $300,000 (exclusive of $80,000 land): Placed in service on May 12 with a 27.5-year MACRS recovery period. Office furniture costing $23,000: Placed in service on April 10 with a 7-year MACRS recovery period. Office equipment costing $15,000: Placed in service on November 1 with a 5-year MACRS recovery period. . What are Teds total depreciation deductions in 2015 assuming he does not elect Sec. 179 expensing? . What are Teds total depreciation deductions in 2015 assuming he elects Sec. 179 expensing in 2015 for $23,000 on the furniture and $2,000 on the equipment? Assume Ted elects out of bonus depreciation on all qualifying properties. . What are Teds total depreciation deductions in 2015 assuming he elects Sec. 179 expensing in 2015 for $10,000 on the furniture and $15,000 on the equipment?