At the beginning of the year, Joshua began a calendar year end business and placed in service the following assets during the year. He does not use section 179 or bonus depreciation. Compute the cost recovery (Depreciation) for the first 3 years of service: On April 11, 2016 Orange Corporation purchased and placed in service- seven year class assets costing $540,000 and five years class assets costing $140,000. Orange elects to expense the maximum amount under Section 179. Orange does not take additional first year depreciation (bonus). Assume taxable income is not a limitation. Determine Orange Corporation's 2016 cost recovery, (show work)