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! Required information [The following information applies to the questions displayed below.) Carl purchased an apartment complex for $2.9 million on March 17 of year 1. of the purchase price, $1,200,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $78,000. (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? (Round your final answers to the nearest whole dollar amount.) Depreciation Deduction $ 33,109 Year 1 Year 2 ! Required information The following information applies to the questions displayed below.] Carl purchased an apartment complex for $2.9 million on March 17 of year 1 of the purchase price, $1,200,000 was attributable to the land the complex sits on. He also installed new furniture into half of the units at a cost of $78,000. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Enter your answers in dollars and not in millions of dollars.) b. What is Carl's allowable depreciation deduction for year 3 if the real property is sold on January 2 of year 3? (Do not round intermediate computations. Round your final answer to the nearest whole dollar amount.) Depreciation for year 3

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