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Exercise 8-19 (Algorithmic) (LO. 2) Euclid acquires a 7-year class… Exercise 8-19 (Algorithmic) (LO. 2)Euclid acquires a 7-year class asset on May 9, 2020, for $143,600 (the only asset acquired during the year). 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.Calculate Euclid’s cost recovery deduction for 2020 and 2021. ?2020: $fill in the blank 1?2021: $fill in the blank 2Feedback Area Accounting Business Financial Accounting ACC 330

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