Suppose a computer software developer for a certain company purchased a computer system for $95,000 on April 27, 2017. The computer system is used for business 100% of the time. The accountant for the company elected to take a $20,000 Section 179 deduction, and the asset qualified for a special depreciation allowance.

(a)What was the basis for depreciation (in $) of the computer system? (See Table 17-4.)

$

(b) What was the amount (in $) of the first year's depreciation using MACRS? (See Table 17-1 and Table 17-2)

$

Table 17-4 Special Depreciation Allowance Certain Qualified Asset Placed into Service Special Allowance September 11, 2001May 5, 2003 30% May 6, 2003January 1, 2005 50% December 31, 2007September 27, 2017 50% September 28, 2017December 31, 2022 100%