On February 5, 2013, Dan purchased and placed in service a 7-year class asset costing $686,400.
Compute the maximum deductions that Dan can claim with respect to this asset in 2013 and 2014.
Note: If required round your intermediate computations and final answers to the nearest dollar.
Dan's total cost recovery deduction for 2013 is $.
Dan's total cost recovery deduction for 2014 is $.