Euclid acquires a 7-year class asset on May 9, 2022, for $270,500 (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.

Calculate Euclid's cost recovery deduction for 2022 and 2023. 2022: $ 2023: $

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Lopez acquired a building on June 1, 2017, for $28,823,100. Compute the depreciation deduction assuming the building is classified as (a) residential and (b) non residential.

a. Calculate Lopez's cost recovery deduction for 2022 if the building is classified as residential rental real estate. $

b. Calculate Lopez's cost recovery deduction for 2022 if the building is classified as nonresidential real estate. $

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On October 1, 2022, Vernica purchased a business. Of the purchase price, $76,000 is allocated to a patent and $456,000 to goodwill.

If required, round your intermediate values to nearest dollar and use in subsequent computations.

Calculate Vernica's 2022 197 amortization deduction.

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Andre acquired a computer on March 3, 2022, for $36,600. He elects the straight-line method for cost recovery. Andre does not elect immediate expensing under 179. He does not claim any available additional first-year depreciation.

Calculate Andre's cost recovery deduction for the computer for tax years 2022 and 2023. 2022: $ 2023: $