On May 8, 2016, Holly purchased a residential apartment building. The cost basis assigned to the building is $800,000. Holly also owns another residential apartment building that she purchased on October 15, 2016, with a cost basis of $500,000.
a. Calculate Holly's total depreciation deduction for the apartments for 2016 using MACRS.
b. Calculate Holly's total depreciation deduction for the apartments for 2017 using MACRS.