SECTION 5 (15 points) Answer the question on the space provided below. Show wor be to determine and award credit. If your writing is illegibl follow how you derived your answer-no credit will be awarded. You will need to consult the depreciation tables in your tex partial credit. The more organized and neat your work, the eari cannot wil e easier it will textbook t answer this question. In 2017, Dr. Edwin Jenner, a virologist, acquires the following assets to be used in his virology research business Cost Placed In Service March 28, 2017 April 1, 2017 June 20, 2017 October 1, 2017 December 2, 2017 Asset Office Furniture& fixtures Computers & peripheral equipment Office supplies (paper, ink, etc.) Medical equipment 14-yr old horse (Buttons) used for medical experiments $ 28,000 35,000 1.400 400,000 6,000 Dr. Jenner's taxable income from his business would not create a limitation for purposes of the $179 deduction. Dr. Jenner does not want to take additional first-year depreciation (if available). Determine Dr. Jenner's cost recovery deduction under MACRS for each qualified asset and the total cost recovery deduction for 2017