Carl purchased an apartment complex for $1.2 million on March 17 of year 1. of the purchase price, $350,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $61,000. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Enter your answers in dollars and not in millions of dollars.)

a. What is Carl's allowable depreciation deduction for his real property for years 1 and 2

b. What is Carl's allowable depreciation deduction for year 3 if the real property is sold on January 2 of year 3?

On June 2 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 $1,385,000; $380,000 was allocated to the basis of the land and the remaining $1,005,000 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.)

a. Using MACRS, what is Javiers depreciation deduction on the building for years 1 through 3?

c. Assume the building was purchased and placed in service on March 1 instead of June 2. Using MACRS, what is Javiers depreciation deduction on the building for years 1 through 3?

d. Assume the building is residential property. Using MACRS, what is Javiers depreciation deduction on the building for years 1 through 3?

e. What would be the depreciation for 2021, 2022, and 2023 if the property were nonresidential property purchased and placed in service June 2, 2004 (assume the same original basis)?