Critical Thinking

LO$\mathrm{.}2,3$ Olga is the proprietor of a small business. In $2023,$ the business's income, before consideration of any cost recovery or $$179$ deduction, is $$250,000.$ Olga spends $$620,000$ on new $7-$year class assets and elects to take the $$179$ deduction on them. She does not claim any available additional first$-$year depreciation. Olga's cost recovery deduction for $2023,$ except for the cost recovery with respect to the new $7$year class assets, is $$95,000.$ Determine Olga's total cost recovery for $2023$ with respect to the $7-$year class assets and the amount of any $$179$ carryforward.