1. Calculate the following amounts (assuming no Section 179 or bonus depreciation and no other assets were purchased in any years):

a. The first year of depreciation on an auto used 100 percent in business, costing $35,000, purchased in May 2020.

b. The second year of depreciation on a computer used exclusively for business, costing $2,000, purchased May 2019.

2. In the current year, Helen sold Section 1245 property for $6,000. The property cost $26,000 when it was purchased 5 years ago. The depreciation claimed on the property was $24,000.

Calculate the adjusted basis of the property.