Jim acquires a new seven-year class asset on September 20, 2011, for $80,000. He placed the asset in service on October 5, 2011. He does not elect to expense any of the asset under 179 or elect straight-line, cost recovery. He elects not take additional first year depreciation. He sells the asset on August25, 2012. This is the only asset he acquires in 2011. Determine Jim's cost recovery in 2011 and 2012