Use the following information to answer the next two questions: Jim has a real estate investment with the following expected taxable income over the next five years: Year 1 Year 2 Year 3 Year 4 Year 5 $20,000 ($10,000) $15,000 ($15,000) $20,000 I Jim has no other passive investments, and his current marginal tax rate is 28 percent. 6. You have purchased an apartment property with a depreciable basis of $850,000. This property was placed into service on April 12th of this year. How much is your depreciation allowance this year? A. $30,909 B. $21,894 C. $9,015 D. $10,303 E. None of the above; the correct answer is_ 7. How much is the depreciation allowance in this property during the second year? A. $30,909 B. $21,795 C. $21,894 D. $15,438 E. None of the above; the correct answer is 8