Question: Exercise 8-21 (Algorithmic) (LO. 2) Euclid acquires a 7-year class asset on May 9, 2017, for $289,300. Euclid does not elect immediate expensing under 179.

Exercise 8-21 (Algorithmic) (LO. 2)

Euclid acquires a 7-year class asset on May 9, 2017, for $289,300. 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.

Euclid's cost recovery deduction is $--------------------------- for 2017 and $ -----------------------------------for 2018.

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