Question 1 5 pts Steve Corp bought a $600,000 apartment building in June of 2017. Of the purchase price, $104,950 is allocated to the value of the land. What is the maximum amount of depreciation that the company can claim in 2018 (Year 2) for the building? O $9.752 $18,000 O$25,000 under the election to expense business property $21,816 O You cannot depreciate property costing over $500,000 Question 2 5 pts An asset (not an automobile) put in service in June 2018 has a depreciable basis of $535,000 and a recovery period of 5 years. Assuming bonus depreciation is used, a half-year convention, and no expensing election, what is the maximum amount of cost that can be deducted in 2018? O$107,000 $267,500 $321,000 $374,500 O$535,000