McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver

Exercise 9

Carl purchased an apartment complex for $1.1 million on March 17 of year 1.$300,000 of the purchase price was attributable to the land the complex sits on.He also installed new furniture into half of the units at a cost of $60,000.
a.What is Carl's allowable depreciation expense for his real property for years 1 and 2
b.What is Carl's allowable depreciation expense for year 3 if the property is sold on January 2 of year 3