Homework 8-46-please helpOlga is the proprietor of a small business. In 2013 the

Homework 8-46-please helpOlga is the proprietor of a small business. In 2013 the business income before consideration of any cost recovery or 179 deduction is $250000. Olga spends $600000 on new seven-year class assets and elects to take the 179 deduction on them. She elects not to take additional first-year depreciation. Olgas cost recovery deduction for 2012 except for the cost recovery with respect to the new seven-year assets is 95000 . Determine Olga cost recovery for 2013 with respect to the seven year class assets and the amount of any 179 carry forward. I need input in the excel for 8-46 sheet.8-36 HomeworkDebra acquired the following new assets during 2013.Apr 11 Furniture 40kJuly 28 Trucks 40kNov 3 Computers 70kDetermine the cost recovery for the current year. Debra does not elect immediate expensing under 179. She does take additional first-year depreciation.