Noah and Joan Arc's Tax Return $(2022)-$ I need help figuring out the depreciation of the rental property. I$\text{'}$m assuming that the land is accounted for seperately. The home was acquired for $$85,000$ in $2006.$ On May $12,2022,$ the Arcs installed new fixtures $(7-$year recovery period$)$ at a cost of $$3,500.$ They wish to maximize the cost recovery on the new fixtures but make no elections.