On May 1,2011,Empire Properties Corp.,a calendar year taxpayer,purchased an office building for $1,000,000,of which $400,000 was allocable to the land.The corporation sold the property this year on September 23,2013.
a.What was the corporation's depreciation for the building,using statutory percentages under MACRS for 2011?
b.What was the corporation's depreciation for the building,using statutory percentages under MACRS
for 2013?

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The Answer of On May 1,2011,Empire Properties Corp.,a calendar year taxpayer,purchased an office building for $1,000,000,of which $400,000 was allocable to the land.The corporation sold the property this year on September 23,2013.
a.What was the corporation's depreciation for the building,using statutory percentages under MACRS for 2011?
b.What was the corporation's depreciation for the building,using statutory percentages under MACRS
for 2013?