Exercise $8-21($Algorithmic$)($LO$.2)$

Lopez acquired a building on June $1,2017,$ for $$11,539,700.$ 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 $2022$ if the building is classified as residential rental real estate.

$

b$.$ Calculate Lopez's cost recovery deduction for $2022$ if the building is classified as nonresidential real estate.