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Euclid acquires a 7-year class asset on May 9, 2019, for $96,600 (the only asset acquired during the year). Euclid does not elect immediate expensing

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Euclid acquires a 7-year class asset on May 9, 2019, for $96,600 (the only asset acquired during the year). Euclid does not elect immediate expensing under $ 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Euclid's cost recovery deduction for 2019 and 2020. 2019: $ 2020: $ Lopez acquired a building on June 1, 2014, for $37,227,900. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. a. Calculate Lopez's cost recovery deduction for 2019 if the building is classified as residential rental real estate. $ b. Calculate Lopez's cost recovery deduction for 2019 if the building is classified as nonresidential real estate. Diana acquires, for $108,800, and places in service a 5-year class asset on December 19, 2019. It is the only asset that Diana acquires during 2019. Diana does not elect immediate expensing under $ 179. She elects additional first-year deprecation. Click here to access the depreciation table to use for this problem. Calculate Diana's total cost recovery deduction for 2019, $

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