What is the first year depreciation if the building was placed in service in January of that year (5)?

What is the depreciation deduction in the year the building is sold (5)?

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On November 10 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 $1,200,000;$300,000 was allocated to the basis of the land and the remaining $900,000 was allocated to the basis of the building (10). The MACRS table is below. TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13,1998 ) On November 10 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 $1,200,000;$300,000 was allocated to the basis of the land and the remaining $900,000 was allocated to the basis of the building (10). The MACRS table is below. TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13,1998 )