O Points: 0 of 1 Save Part 1 of 2 In 2022, Creston Corporation purchases two assets and places them into service (both have 7-year MACRS recovery period). View the assets Creston elects $1.08 million under Sec. 179 and elects out of bonus depreciation 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 hall-year convention rates Read the requirements. Requirement a. Compute Creston's total depreciation deduction for 2022 if it elects the $1.08 million for Asset #1. (Enter amounts in whole dollars Use MACRS rates to three decimal places, XXXXX% Round the MACRS depreciation to the nearest dollar. Complete all input fields. Enter a "0" if no Sec. 179 deduction is taken) Sec. 179 expensing MACRS depreciation Total 2022 depreciation Asset #1 Asset #2 Total for both Assets