Calculate the total depreciation for these various assets: All assets arc business use. Joe purchased a 5 year asset for $700,000 on 6/13/16. Joe wants to take the maximum amount of depreciation possible (Section 179 depreciation). Taxable income for 2016 was $650,000. Calculate the depreciation expense for 2016. Joe sold the asset in 2017. Calculate the depredation for 2017. Steve purchased two assets in 2016. A 5 year asset for 70,000 on 10/30/16 and a 7 year asset for $100,000 on 2/9/16. Steve docs not want to take Section 179 Depredation in 2016. Calculate the deprecation expense for 2016. Steve sells the 5 year asset on 8/17/17. Calculate the total depreciation expense for both assets in 2017. Sarah purchased an apartment complex on S/5/16 for $1, 100,000. Calculate the deprecation for 2016. She disposed the apartment complex on 7/31/20. Calculate the deprecation for 2020. Cheryl purchased an office building on 11/1/16 for $800,000 M. Calculate the depreciation for 2016. She disposed of the building on 4/1/2021. Calculate the depreciation for 2021