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Question 2 Augie purchased one new asset during the year (five-year property) on November 10, 2017, at a cost of $650,000. She made the § 179 election. The income from the business before the cost recovery deduction and the § 179 deduction was $600,000. She takes additional first-year depreciation. Determine the total cost recovery deduction with respect to the asset for 2017. I Question 4 · Bonnie purchased a new business asset (five-year property) on March 10, 2017, at a cost of l $30,000. She also purchased a new business asset (seven-year property) on November 20, 201 7 , at a cost of $ 1 3 ,000. Bonnie did not elect to expense either of the assets under § 1 79, nor did she elect depreciation. Determine the cost recovery deduction for 2017 for these assets. cost recovery. Bonnie takes additional first-year Question 5 Carlos purchased an apartment building on November 16, 2017, for $3,500,000 (Land $500,00: Building $3,000,000). Determine the cost recovery for 2017