Orange Corporation acquired new office furniture on August 15, 2015, for $130,000. Orange does not elect immediate expensing under 179. Orange claims any available additional first-year depreciation. Determine Oranges cost recovery for 2015.

Note: Assume that the 2014 bonus depreciation and 179 amounts are extended to 2015.

If required, round your answer to the nearest dollar.

Click here to access Exhibit 8.1 and Exhibit 8.4 of the textbook.

a. What class of property is the office furniture for MACRS? SelectSeven-yearFive-yearThree-yearItem 1 convention.

b. Orange's cost recovery deduction for 2015 is $