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Euclid places in service a 7 - year class asset on May 9 , 2 0 2 3 , for $ 1 2 0 ,

Euclid places in service a 7-year class asset on May 9,2023, for $120,100(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 2023 and 2024.

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