Janet purchased her personal residence in 2008 for $324,000. In January 2018, she converted it to rental property. The fair market value at the time of conversion was $270,000. (Use Table 6A-6) a. Determine the amount of cost recovery that can be taken in 2018 b. Determine the amount of cost recovery that could be taken in 2018 if the fair market value of the property were $416,000. (For all requirements, round your answers to 2 decimal place Amount of cost TABLE GA-6 General De precintion System Straight-Line Applicable Recovery Period: 27.5 Years Mid-Month Convention Month In the First Recovery Year the Property Is Placed In Service 3 10 3.485 3.182 2.879 2576 2.273 1970 1667 1.364 1061 0758 0.455 0152 3636 3636 3636 3.636 3636 3636 3636 3636 3636 3636 3636 3.636 3636 3636 3636 3636 3636 3.636 3636 3636 3.636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3.636 3636 3636 3.636 3636 3636 3636 3.636 3636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3637 3636 3636 3636 3.636 3.636 3.636 3636 3636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3.637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3.636 3636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3.637 3.637 3637 3637 3637 3637 3637 3636 3636 3.636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3.637 3637 3637 3.637 3637 3637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3637 3637 3.637 3637 3.637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3637 3636 3637 3637 3637 3.637 3.636 3636 3.636 3636 3636 3.636 18 3.636 3.636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3637 3637 3637 3637 3.637 3626 3636 3636 3636 3636 3636 3.636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3.636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3.637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3.636 3.636 3636 3636 3636 3636 3637 3637 3.637 3.637 3.637 3.637 3.637 3637 3.637 36373637 3637 3636 3.636 3.636 3.636 3.636 3.636 3636 3636 3636 3636 3636 3.636 3637 3637 3.637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3.636 3636 3636 3636 3.636 3.636 3.636 3637 3637 3637 3637 3637 3.637 3637 3637 3.637 3637 3637 3.637 3636 3636 3.636 3.636 3636 3636 3.636 3636 3636 3636 3636 3636 3.637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3636 3636 3636 3636 3.636 3636 3637 3637 3637 3637 3637 3637 6 3636 3636 3636 3636 3636 10 12 13 14 15 16 17 18 19 20 21 3637 3637 3637 3637 3637 3637 3626 3636 3636 3636 23 24 25 26 27 28 3.636 3.636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3637 3637 3.637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3636 3.636 3.636 3636 3636 3636 3636 3637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3637 3636 3636 3636 3636 3636 3.636 3.636 3636 3636 3636 3636 3636 3.637 3637 3.637 3637 3.637 3637 1.970 2273 2576 2879 3182 3485 3636 3636 3636 3636 3636 3636 0000 0.000 0.000 0000 0000 0000 0.152 0455 0758 1061 1364 1.667