Sanibel Corporation sold the following assets in EEB (Click the icon to view the data.) 2017 (Click the icon to view theMACRShalf-year convention rates) (Click the icon to view the MACRS straight-line rates for 39-year properby) Click the icon to view the Luxury Automobile Depreciation Limits) Requirements a. What is the depreciation deduction for each asset in 2017? b. Compute the gain or loss on each asset sold Requirement a. What is the depreciation deduction for each asset in 2017? (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Assef 2017 Depreciation Data Table Equipment Building Total Depreciation Recovery Cost Cost-Recovery Period Sales Date 655Method 1/1/14121/17 a 8,800 MACRS 22,000 MACRS 250,000 MACRS AcquiredDate Sold Besis (Years)Price Equipment Building (nonresidental) 5 S,300 7,800 270,000 1/6/14 4/1/07 12/10/17 39 The half-year convention was used in the year of acquisition. Sanibel did not claim Sec. 179 expense or bonus depreciation during the acquistion years. PrintDone