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1 4 pomts Problem 10-48 (LO 10-2) (Static) [The following information applies to the questions displayed below] At the beginning of the year, Anna
1 4 pomts Problem 10-48 (LO 10-2) (Static) [The following information applies to the questions displayed below] At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year: Asset etlook Computers office desks Machinery Office building Print References Date Acquired Cost Basis 1/30 $ 28,000 2/15 $ 32,000 7/25 $ 75,000 8/13 $ 400,000 Assuming Anna does not elect 5179 expensing and elects not to use bonus depreciation, answer the following questions (Use MACRS Table 1. Table 2 Table 3. Table 4 and Table 5) Note: Do not round intermedinte calculations. Round your final answers to the nearest whole dollar amount. Problem 10-48 Part b (Static) b. What is Anna's year 2 cost recovery for each asset? Asset Computer Your 2 Cost Recovery 5,600 Prev Next > 4 points eBook Computers Office desks Machinery office building 1/30 $ 28,000 2/15 $ 32,000 7/25 $ 75,000 B/13 $ 400,000 Assuming Anna does not elect 5179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Print References Problem 10-48 Part b (Static) b. What is Anna's year 2 cost recovery for each asset? Asset Year 2 Cost Recovery Computers $ 5,000 Office desks $ 4,573 Machinery $ 10,710 Office building S 3,840 Total S 24,731
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