Exercise $8-19($Algorithmic$)($LO$.2)$

Euclid places in service a $7-$year class asset on May $9,2023,$ for $$176,500($the only asset acquired during the year$).$ Euclid does not elect immediate expensing under $179.$ He does not claim any available additional first$-$year depreciation.

Click here to access the depreciation table to use for this problem.

If required, round your answers to the nearest dollar.

Calculate Euclid's cost recovery deduction for $2023$ and $2024.$

$2023$: $fill in the blank $1$

$2024$: $fill in the blank $2$