QuestionS9 5 pts On June 1, 2018, Sandalwood Corporation purchases a passenger automobile for 100 percent use in its business. The automobile is in the 5 year cost recovery class and has a basis for depreciation of $60,000. Assuming that the corporation elects the accelerated method of cost recovery for the asset and does not elect to expense any of its cost or take bonus depreciation, what is the total tax depreciation deduction for the 2018 calendar tax year (Year 1)? e $11.160 $18,000 O $12,000 e $10.000 None of the above Question 10 5 pts Choose the correct statement. O Residential real property is depreciated over 39 yearsGER @ Nonresidential real property is depreciated over 27.5 years @ Nonresidential reaf property is depreciated over 39 years. C Depreciation on real property starts at the beginning of the year in which the property is placed in service