Problem 8-34 (LO. 2)

Weston acquires a new office machine (seven-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired during the year. He does not elect immediate expensing under 179. He claims the maximum additional first-year depreciation deduction. On September 15, 2018, Weston sells the machine.

Click here to access thedepreciation tablesin the textbook.

If required, round your answers to the nearest dollar. If an amount is zero, enter "0".

a.What MACRS convention applies to the machine?Half-year

Weston's cost recovery for 2017 is $ 42,859.

b.Westin's 2018 is $.