Orange corporation acquired new office furniture on august 15, 2019, for $130,000. orange does not elect immediate expensing under § 179. orange claims any available additional first-year depreciation. if required, round your answer to the nearest dollar. click here to access exhibit 8.1 and the depreciation tables in the textbook. a. determine orange's cost recovery for 2019. the office furniture is classified as class of property for macrs. if bonus depreciation is elected, orange's deduction is $ b. determine orange's cost recovery for 2019 if orange decided to only use $52,000 of bonus depreciation and normal macrs on the balance of the acquisition cost. $

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses.the book value of the partnership equity (i.e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000