Exercise 8-23 (Algorithmic) (LO. 2, 3) Diana acquires, for $219,200, and places in service a 5-year class asset on December 19,2022 . It is the only asset that Diana acquires during 2022. 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 2022. X Exercise 8-25 (Algorithmic) (LO. 4) On April 5, 2022, Kinsey places in service a new automobile that cost $59,000. He does not elect 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 60% for business and 40% for personal use in each tax year. Kinsey chooses the MACRS 200% declining-balance method of cost recovery (the auto is a 5-year asset). Click here to access the depreciation table to use for this problem. Assume the following luxury automobile limitations: year 1:$10,200; year 2: $16,400. If required, round your final answers to the nearest dollar. Compute the total depreciation allowed for: 2022:2023: Exercise 8-26 (Algorithmic) (LO. 7) On October 1, 2022, Vernica purchased a business. Of the purchase price, $128,000 is allocated to a patent and $768,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2022197 amortization deduction. \$ Exercise 8-23 (Algorithmic) (LO. 2, 3) Diana acquires, for $219,200, and places in service a 5-year class asset on December 19,2022 . It is the only asset that Diana acquires during 2022. 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 2022. X Exercise 8-25 (Algorithmic) (LO. 4) On April 5, 2022, Kinsey places in service a new automobile that cost $59,000. He does not elect 179 expensing, and he elects not to take any available additional first-year depreciation. The car is used 60% for business and 40% for personal use in each tax year. Kinsey chooses the MACRS 200% declining-balance method of cost recovery (the auto is a 5-year asset). Click here to access the depreciation table to use for this problem. Assume the following luxury automobile limitations: year 1:$10,200; year 2: $16,400. If required, round your final answers to the nearest dollar. Compute the total depreciation allowed for: 2022:2023: Exercise 8-26 (Algorithmic) (LO. 7) On October 1, 2022, Vernica purchased a business. Of the purchase price, $128,000 is allocated to a patent and $768,000 to goodwill. If required, round your intermediate values to nearest dollar and use in subsequent computations. Calculate Vernica's 2022197 amortization deduction. \$