Cost Recovery Allowed and Allowable (LO. 1 2) On November 4 2011 Blue Compa

Cost Recovery Allowed and Allowable (LO. 1 2)

On November 4 2011 Blue Company acquired an asset (27.5-year residential real property) for $200000 for use in its business. In 2011 and 2012 respectively
Blue took $642 and $5128 of cost recovery. These amounts were incorrect because Blue applied the wrong percentages (i.e. those for 39-year rather than
27.5-year). Blue should have taken $910 and $7272 cost recovery in 2011 and 2012 respectively. On January 1 2013 the asset was sold for $180000.

The adjusted basis of the asset at the end of 2012 is ?

The cost recovery deduction for 2013 is ?

the loss on the sale of the asset in 2013 is ?