20. LU rcises asset on May 9, 2017, for $80,000. Euclid d oes mediate expensing under $ 179. She does not claim any available cost recovery deduction foe 21. 002 Euclid acquires a 7-year class not elect im additional first-year depreciation. Calculate Euclid's 2017 and 2018. 22. LO.2 Hamlet acquires a 7-year class asset on November 23, 2017, for $100,000 Hamlet does not elect immediate expensing under 179, He does not claim any available additional first-year depreciation. Calculate Hamlet's cost recovery deductions for 2017 and 2018. 23. LO.2 Lopez acquired a building on June 1, 2012, for $1 million. Calculate Lopezs cost recovery deduction for 2017 if the building is: Classified as residential rental real estate. Classified as nonresidential real estate. a. b. 24. LO.2 Andre acquired a computer on March 3, 2017, for $2,800. He elects the straight-line method for cost recovery. Andre does not elect immediate expens- ing under s 179. He does not claim any available additional first-year depreciation. Calculate Andre's cost recovery deduction for the computer for tax years 2017 and 2018 25. LO.2 Diana acquires, for $65,000, and places in service a 5-year class asset on December 19, 2017. It is the only asset that Diana acquires during 2017 Diana does not elect immediate expensing under s 179. She elects additional first-year deprecation. Calculate Diana's total cost recovery deduction for 2017 26. LO.3 McKenzie purchased qualifying equipment for his business that cost $212,000 in 2017. The taxable income of the business for the year is $5,600 before con- sideration of any 179 deduction. Calculate McKenzie's 179 expense deduction for 2017 and any carryover to 2018