a$.$ Using MACRS, what is Javier's depreciation deduction on the building for years $1$ through $3?$

b$.$ What would be the year $3$ depreciation deduction if the building was sold on $11-$Mar of year $3?$

c$.$ Assume the building was purchased and placed in service on $15-$Mar instead of $12-$May. Using MACRS, what is Javier's depreciation deduction on the building for years $1$ through $3?$

d$.$ Assume the building was purchased and placed in service on $12-$May of year $1$ and is residential property.

e$.$ What would be the depreciation for $2024,2025,$ and $2026$ if the property were nonresidential property purchased and placed in service $12-$May, $2007($assume the same original basis$)?$

Table $1$ MACRS Half$-$Year Convention

Depreciation Rate for Recovery Period $3-$Year $5-$Year $7-$Year $10-$Year $15-$Year $20-$Year Year $133\mathrm{.}33\%20\mathrm{.}00\%14\mathrm{.}29\%10\mathrm{.}00\%5\mathrm{.}00\%3\mathrm{.}750\%$ Year $244\mathrm{.}4532\mathrm{.}0024\mathrm{.}4918\mathrm{.}009\mathrm{.}507\mathrm{.}219$ Year $314\mathrm{.}8119\mathrm{.}2017\mathrm{.}4914\mathrm{.}408\mathrm{.}556\mathrm{.}677$ Year $47\mathrm{.}4111\mathrm{.}5212\mathrm{.}4911\mathrm{.}527\mathrm{.}706\mathrm{.}177$ Year $511\mathrm{.}528\mathrm{.}939\mathrm{.}226\mathrm{.}935\mathrm{.}713$ Year $65\mathrm{.}768\mathrm{.}927\mathrm{.}376\mathrm{.}235\mathrm{.}285$ Year $78\mathrm{.}936\mathrm{.}555\mathrm{.}904\mathrm{.}888$ Year $84\mathrm{.}466\mathrm{.}555\mathrm{.}904\mathrm{.}522$ Year $96\mathrm{.}565\mathrm{.}914\mathrm{.}462$ Year $106\mathrm{.}555\mathrm{.}904\mathrm{.}461$ Year $113\mathrm{.}285\mathrm{.}914\mathrm{.}462$ Year $125\mathrm{.}904\mathrm{.}461$ Year $135\mathrm{.}914\mathrm{.}462$ Year $145\mathrm{.}904\mathrm{.}461$ Year $155\mathrm{.}914\mathrm{.}462$ Year $162\mathrm{.}954\mathrm{.}461$ Year $174\mathrm{.}462$ Year $184\mathrm{.}461$ Year $194\mathrm{.}462$ Year $204\mathrm{.}461$ Year $212\mathrm{.}231$

TABLE $2$a MACRS Mid$-$Quarter Convention: For property placed in service during the first quarter

TABLE $2$b MACRS Mid$-$Quarter Convention: For property placed in service during the second quarter

TABLE $2$c MACRS Mid$-$Quarter Convention: For property placed in service during the third quarter

TABLE $2$d MACRS$-$Mid Quarter Convention: For property placed in service during the fourth quarter

TABLE $2$c MACRS Mid$-$Quarter Convention: For property placed in service during the third quarter

TABLE $2$d MACRS$-$Mid Quarter Convention: For property placed in service during the fourth quarter

TABLE $3$ Residential Rental Property Mid$-$Month Convention Straight Line$-27\mathrm{.}5$ Years

Month Property Placed in Service Month $1$ Month $2$ Month $3$ Month $4$ Month $5$ Month $6$ Month $7$ Month $8$ Month $9$ Month $10$ Month $1$l Month $12$ Year $13\mathrm{.}485\%3\mathrm{.}182\%2\mathrm{.}879\%2\mathrm{.}576\%2\mathrm{.}273\%1\mathrm{.}970\%1\mathrm{.}667\%1\mathrm{.}364\%1\mathrm{.}061\%0\mathrm{.}758\%0\mathrm{.}455\%0\mathrm{.}152\%$ Year $2-93\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}636$ Year $103\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}636$ Year $113\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}637$ Year $123\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}636$ Year $133\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}637$ Year $143\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}636$ Year $153\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}637$ Year $163\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}636$ Year $173\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}637$ Year $183\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}636$ Year $193\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}637$ Year $203\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6373\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}6363\mathrm{.}636$ Year $213.6363.6363.6363.6363.6363.6363.6373.6373.6373< Step by Step Solution There are 3 Steps involved in it 1 Expert Approved Answer Step: 1 Unlock Question Has Been Solved by an Expert! 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