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, 2019, Weston sells the machine.

Click here to access the depreciation tables in the textbook.

If required, round your answers to the nearest dollar.

a. Determine Westons cost recovery for 2017 and 2018. 2017: $ 2018: $

b. Determine Westons cost recovery for 2019. $