Personalty Depreciation Exercises II 1. Company ABC purchased the following assets on October 21, 2022, and placed them in service on the dates shown: - Computer Equipment: 3/1/23, Total installed price =$3,000,000 (5-year property). - Communications Equipment: 9/25/23, Total installed price =$500,000 (7-year property). - ABC elected not to use Bonus Depreciation. What is the maximum allowed cost recovery for 2023 for the Computer Equipment only? 2. Company ABC purchased the following assets on October 21, 2022, and placed them in service on the dates shown: - Computer Equipment: 3/1/23, Total installed price =$3,000,000 (5-year property). - Communications Equipment: 9/25/23, Total installed price =$500,000 (7-year property). What is the maximum allowed cost recovery for 2023 for the Computer Equipment only