Orange Corporation acquired new office furniture on August 15, 2021, 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 2021. The office furniture is classified as class of property for MACRS. If bonus depreciation is elected, Orange's deduction is $ b. Determine Orange's cost recovery for 2021 if Orange decided to only use $52,000 of bonus depreciation and normal MACRS on the balance of the acquisition cost. Euclid acquires a 7-year class asset on May 9, 2021, for $200,000 (the only asset acquired during the year). Euclid does not elect immediate expensing under $ 179. He does not claim any available additional first-year depreciation. Click here to access the depreciation table to use for this problem. If required, round your answers to the nearest dollar. Calculate Euclid's cost recovery deduction for 2021 and 2022. 2021: $ 2022: $