Olga is the proprietor of a small business. In 2012, the business income, before consideration of any cost recovery or 179 deduction, is $250,000. Olga spends $600,000 on new seven-year class assets and elects to take the 179 deduction on them. She elects not to take additional first-year depreciation. Olgas cost recovery deduction for 2012, except for the cost recovery with respect to the new seven-year assets, is 95000 determine Olga cost recovery for 2012 with respect to the seven year class assets and the amount of any 179 carry forward... Need all work shown During March 2012, Sam constructed new agricultural fences on his farm. The cost of the fencing was $80,000. Sam does not elect immediate expensing under 179, but an election not to have the uniform capitalization rules apply is in effect. Compute Sams cost recovery for 2012 assuming that Sam wants to maximize his cost recovery. Need all work shown