In 2022, Almira Corporation purchases two assets and places them into service (both have 7-year MACRS recovery period): View the assets. - Asset #1:$1,130,000 cost; placed in service in Febr Almira elects $1.08 million under Sec. 179 and elects out of bonus depreciation. - Asset \#2: $1,360,000 cost; placed in service in Nove View the MACRS mid-quarter convention rates for property_placed in service in the first quarter. View the MACRS mid-quarter convention rates for property_placed in service in the fourth quarter. View the MACRS half-year convention rates. MACRS Mid-Quarter (Property Placed in Service in First Read the requirements. Quarter) Requirement a. Compute Almira's total depreciation deduction for 2022 if it elects the $1.08 million for Asset \#1. (Enter amounts in whole dollars. Use MA fields. Enter a "0" if no Sec. 179 deduction is taken. ) Requirement b. Compute Almira's total depreciation deduction for 2022 if it elects the $1.08 million for Asset \#2. (Enter amounts in whole dollars. Use MA fields. Enter a "0" if no Sec. 179 deduction is taken.) MACRS Mid-Quarter (Property Placed in Service in Fourth Quarter) In 2022, Almira Corporation purchases two assets and places them into service (both have 7-year MACRS recovery period): View the assets. - Asset #1:$1,130,000 cost; placed in service in Febr Almira elects $1.08 million under Sec. 179 and elects out of bonus depreciation. - Asset \#2: $1,360,000 cost; placed in service in Nove View the MACRS mid-quarter convention rates for property_placed in service in the first quarter. View the MACRS mid-quarter convention rates for property_placed in service in the fourth quarter. View the MACRS half-year convention rates. MACRS Mid-Quarter (Property Placed in Service in First Read the requirements. Quarter) Requirement a. Compute Almira's total depreciation deduction for 2022 if it elects the $1.08 million for Asset \#1. (Enter amounts in whole dollars. Use MA fields. Enter a "0" if no Sec. 179 deduction is taken. ) Requirement b. Compute Almira's total depreciation deduction for 2022 if it elects the $1.08 million for Asset \#2. (Enter amounts in whole dollars. Use MA fields. Enter a "0" if no Sec. 179 deduction is taken.) MACRS Mid-Quarter (Property Placed in Service in Fourth Quarter)