Please complete the questions and provide explanations.

d. Change from business to personal - may be subject to recapture of excess MACRS depreciation over straight-line In-class Examples Chapter 10 Example 1: ignore Sec. 179) Jim acquires a five year asset on April 10, 2017 for $30,000 and elects NOT to use bonus depreciation What is his cost recovery for 2017? 2018? Example 2 Using the same facts as Example 1, assume Jim sells the asset in October, 2018.What is the cost recovery/depreciation on the asset for 20187 Example 3: (ignore Sec. 179) lanice acquires a seven-year class asset on April 10, 2017, for $30,000 and does deduct the bonus depreciation. What is his cost recovery for 20177 2018 Example 4: Silver Corporation acquires the following five-year class property in 2017 Property Cost February 15 July 10 December 5 200,000 00,000 00,000 1,200,000 Total How much depreciation is taken in 2017 if Silver elects out of Bonus depreciation? How much deprecilation is taken in 2018 Assume that Silver Corporation sells the $400,000 asset on November 30, 2018. what is the cost recovery taken in 2018 for that asset