1. In 2016, Olga Co. purchased a piece of business-use equipment for $100,000. The equipment has a 7-year MACRS GDS recovery period and is depreciated under MACRS GDS (no SL election). The equipment was placed in service on September 10, 2016. This was the only asset that Olga Co. placed in service in 2016. Olga Co. did not elect Section 179 deduction and elected out of Section 168(k) bonus depreciation. What is Olga Co.'s depreciation deduction for 2016 (the year the asset was placed in service)?
2. Same facts as previous question. Olga Co. sold the equipment on February 1, 2018. What is Olga Co.'s depreciation deduction for 2018 (year 3)?
3. E Co. purchased and placed in service the following assets in 2018: 1. Computer (5-year property) purchased for $3,000,000 and placed in service on June 30, 2018; 2. Tractor unit for use over road (3-year property) purchased for $2,000,000 and placed in service on September 30, 2018; 3. Equipment (7-year property) purchased for $5,000,000 and placed in service on October 1, 2018. All assets are depreciated under MACRS GDS (no SL election). E Co. is not eligible for 179 expense (phased out), and E Co. elected out of bonus depreciation. What is E Co.'s total depreciation deduction for 2018?