Tom purchased a condo in Mississippi for rental property at a cost of $106,600. Using the class recovery period for assets: What is the amount each year? (format as $1,234.56) How many years will he...

Tom purchased a condo in Mississippi for rental property at a cost of $106,600. Using the class recovery period for assets:

What is the amount each year? (format as $1,234.56)

How many years will he be able to depreciate the property (format as 1.23 that's it, don't write years, just the number)