Answer all the questions in the picture and show work.

22 Hazel purchased a new business asset (five-year asset) on September 30, 2018, at a cost of $100,000. On October 4, 2018, Hazel placed the asset in service. This was the only asset Hazel placed in service in 2018. Hazel did not elect 179 or additional first-year depreciation. On August 20, 2019, Hazel sold the asset. Determine the cost recovery for 2019 for the asset. a. $23,750 b. $14,250 c. $38,000 e. None of these choices are correct. d. $19,000 23. Tan Company acquires a new machine (ten-year property) on January 15, 2018, at a cost of $200,000. Tan also acquires another new machine (seven-year property) on November 5, 2018, at a cost of $40,000. No election is made to use the straight-line method. The company does not make the S 179 election and elects to not take additional first-year depreciation. Determine the total deductions in calculating taxable income related to the machines for 2018 a. $25,716 b. $102,000 c.$132,858 e. None of these choices are correct. d. $24,000 24. James purchased a new business asset (three-year personalty) on July 23, 2018, at a cost of $40,000. James takes additional first-year depreciation but does not elect Section 179 expense on the asset. Determine the cost recovery deduction for 2018. a. $26,666 b. $8,333 C. $40,000 d. $33,333 e. None of these choices are correct. 25. Alice purchased office furniture on September 20, 2017, for S100,000. On October 10, 2017, she purchased business computers for $80,000. Alice placed all of the assets in service on January 15, 2018. Alice did not elect to expense any of the assets under $179, did not elect straight-li the cost recovery deduction for the business assets for 2018. ne cost recovery, and did not take additional first-year depreciation. Determine a. $6,426 b. $30,290 c. $25,722 d. $14,710 e. None of these choices are correct. 26. Barry purchased a used business asset (seven-year property) on September 30, 2018, at a cost of $200,000. This is the only asset he purchased during the year. Barry did not elect to expense any of the asset under 179, did not take additional first-year depreciation, and did not elect straight-line cost recovery. Barry sold the asset on July 17, 2019. Determine the cost recovery deduction for 2019 a. $24,490 b. $55,100 C. $19,133 d. $34,438 e. None of these choices are correct 27. Bonnie purchased a new business asset (five-year property) on March 10, 2018, at a cost of S30,000. She also purchased a new business asset (seven-year property) on November 20, 2018, at a cost of S13,000. Bonnie did not elect to expense either of the assets under $ 179 nor did she elect straight-line cost recovery. Bonnie takes additional first-year depreciation. Determine the cost recovery deduction for 2018 for these assets. a. $21,915 b. $7,858 c. $43,000 e. None of these choices are correct. d. $9,586