Orange Corporation acquired new office furniture on August 15, 2019, for $130,000. Orange does not elect immediate expensing under 179. Orange claims any available additional first-year depreciation.

If required, round your answer to the nearest dollar.

Click here to access Exhibit 8.1 and the depreciation tables in the textbook.

a. Determine Orange's cost recovery for 2019.

The office furniture is classified as

seven-yearfive-yearthree-yearseven-year

class of property for MACRS. If bonus depreciation is elected, Orange's deduction is $fill in the blank 2

b. Determine Orange's cost recovery for 2019 if Orange decided to only use $52,000 of bonus depreciation and normal MACRS on the balance of the acquisition cost. $fill in the blank 3