Question:

At the beginning of 2017, Joshua began a calendar year-end business and placed in service the following assets during the year. He does not use section 179 or first year (bonus) depreciation Compute the cost recovery (Depreciation) for the first 2 years of service

			Year 1	Year 2
Computr equipment	2/01/17	$100000
office furniture	6/30/17	$170000
Truck (not listed property)	9/30/17	$40000
Commercial property	10/11/17	$200000
Residential rental property	4/1/17	$300000

Show your computations.IMPORTANT

2. On April 11, 2017, Orange Corporation purchased and placed in service- seven-year class assets to $540,000 and five years class assets costing $140,000. Orange does not use Section 179 Deprecia Orange does take additional first-year depreciation (bonus). Assume taxable income is not a limit to Determine Orange Corporation's 2016 cost recovery. (show work)