eBook Print Item Exercise 8-21 (Algorithmic) (LO. 2) Lopez acquired and placed in service a building on June 1, 2018, for $21,551,300. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. a. Calculate Lopez's cost recovery deduction for 2023 if the building is classified as residential rental real estate. $ b. Calculate Lopez's cost recovery deduction for 2023 if the building is classified as nonresidential real estate. Check My Work 3 more Check My Work uses remaining. Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading