Please use provided tables and explain exactly where you are getting the rates from. Thank you

On November 10 of year 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,200,000; $300,000 was allocated to the basis of the land and the remaining $900,000 was allocated to the basis of the building. (Use MACRS Table 1, Table 2. Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) a. Using MACRS, what is Javier's depreciation deduction on the building for years 1 through 3? Year Depreciation Expense b. What would be the year 3 depreciation deduction if the building was sold on August 1 of year 3? Year 3 depreciation deduction Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 5-Year 7-Year 10-Year 15-Year 33.33% 20.00% 14.29% 10.00% 5.00% 44.45 32.00 24.49 18.00 9.50 14.81 19.20 17.49 14.40 8.55 7.41 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 5.76 8.92 7.37 6.23 8.93 6.55 5.90 6.55 5.90 6.56 5.91 6.55 5.90 3.28 5.91 5.90 5.91 5.90 5.91 2.95 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 131 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 4.46 20-Year 3.750% 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 1.38 8.74 Year 7 8.75 Year 8 1.09 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 8.87 Year 8 3.34 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 34.00 25.51 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 Year 7 8.86 Year 8 5.53 TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 10.94 10.04 Year 6 9.58 Year 7 8.73 Year 8 7.64 8.73 TABLE 3 Residential Rental Property Mid-Month Convention Straight Line27.5 Years Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 3 Month 9 Month 10 Month 11 Month 12 Yearl 3.485% 3.182% 2.879% 2.576% 2.273% 1.970% 1.667% 1.364% 1.061% 0.758% 0.455% 0.152% Year 2-9 3.636 3.636 3.636 3 .636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 Year 103 .637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 Year 11 3.6363.6363.6363.6363.6363.6363.6373.637 3.637 3.6373.637 3.637 Year 12 3.637 | 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 | 3.636 | 3.636 3.636 Year 13 3.636 3.636 3.636 3.636 3.636 | 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 14 3.637 3.637 3.637 | 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 3.636 | 3.636 Year 15 3.636 | 3.636 | 3.636 3.636 3 .636 3.636 3.637 3.637 3.637 | 3.637 3.637 3.637 Year 163 .637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 3.636 | 3.636 Year 17 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 18 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 19 3.636 | 3.636 | 3.636 3.636 3.636 3.636 3.637 3.637 3.637 | 3.637 3.637 3.637 Year 20 3.637 3.637 3.637 | 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 | 3.636 Year 21 3.636 3.636 3.636 | 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 | 3.637 Year 22 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 23 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3 .637 3.637 3.637 Year 24 3.637 3.637 3.637 3 .637 3 .637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 25 3.636 3.636 3 .636 3 .636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 26 3.637 3.637 3.637 3.637 3.637 3.637 3 .636 3.636 3.636 3.636 3.636 3.636 Year 27 3.636 | 3.6363.6363.636 3.636 3.636 3.6373.6373.6373.637 3.637 3.637 Year 28 1.97 2.273 2.576 2.879 3.182 3.485 3.636 3.636 3 .636 3 .636 3.636 3.636 Year 29 0.152 0.455 0.758 1.061 1.364 1.667 Year 29 TABLE 4 Nonresidential Real Property Mid-Month Convention Straight Line31.5 Years (for assets placed in service before May 13, 1993) 1 Month 1 3.042% 3.175 3.175 3.174 Yearl Year 2-7 Year 3 Year 9 Month 2 2.778% 3.175 3.174 3.175 Month 3 2.513% 3.175 3.175 3.174 L L Year 10 3.175 L 3.174 3.175 Month 9 0.926% 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 L 1 Month 3 1.190% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 Month 10 0.661% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 .174 3.175 3.174 3.174 3.175 13.174 3.175 3.174 3.175 3.174 L L 3.175 L L Month 4 2.249% 3.175 3.174 3.175 3.174 3.175 3 175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3 175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 2.513 3.174 3.175 3.174 Month Property Placed in Service Month 3 Month 6 Month 7 1.984% 1.720% 1.455% 3.175 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.174 3.175 3.174 3.175 3.174 3.175 3.174 2.778 3.042 3.175 0.132 3.175 3.175 + 3.115 3.174 + + Month 11 0.397% 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 1.190 3.174 Month 12 0.132% 3.175 3.175 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1.455 +3175 Year 11 Year 12 Year 13 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 Year 22 Year 23 Year 24 Year 25 Year 26 Year 27 Year 28 Year 29 Year 30 Year 31 Year 32 Year 33 3 L L 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 2.249 L L L 3.174 3.175 3.174 3.175 3.174 3.175 3.174 L 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 1.984 L 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 1.720 L 3.175 3.174 3.115 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 0.397 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 3.174 3.175 0.661 3.1 3.175 L L 3.174 3.175 3.174 3.175 13.174 0.926 L L TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line39 Years (for assets placed in service on or after May 13, 1993) Month 1 2.461% 2.564 0.107 Month 2 2.247% 2.564 0.321 1 Month 3 2.033% 2.564 0.535 Month Property Placed in Service Month 5 Month 6 Month 7 1.605% 1.391% 1.177% 2.564 2.564 2.564 0.963 1.177 1.391 Month 4 1.819% 2.564 0.749 Month 8 0.963% 2.564 Month 9 0.749% 2.564 1.819 Month 10 0.535% 2.564 2.033 Month 11 0.321% 1 2.564 2.247 Month 12 0.107% 2.564 2.461 | Year 239 Year 40 1.605