Cost Recovery Allowed and Allowable (LO. 1, 2)

On November 4, 2011, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2011 and 2012, respectively, Blue took $642 and $5,128 of cost recovery. These amounts were incorrect because Blue applied the wrong percentages (i.e., those for 39-year rather than 27.5-year). Blue should have taken $910 and $7,272 cost recovery in 2011 and 2012, respectively. On January 1, 2013, the asset was sold for $180,000.

The adjusted basis of the asset at the end of 2012 is ?

The cost recovery deduction for 2013 is ?

the loss on the sale of the asset in 2013 is ?