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1 Required information Problem 10-47 (LO 10-2) (Algo) [The following information applies to the questions displayed below) DLW Corporation acquired and placed in service the
1 Required information Problem 10-47 (LO 10-2) (Algo) [The following information applies to the questions displayed below) DLW Corporation acquired and placed in service the following assets during the year Asset Date Acquired Cost Basis Computer equipment 3/2 $ 11,000 Furniture 2/22 $ 22,600 Commercial building 9/10 $ 275,000 Assuming DLW 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) (Do not round intermediate calculations, Round your final answers to the nearest whole dollar amount.) Problem 10-47 Part b (Algo) b. What is DLW's year 3 cost recovery for each asset it DLW sells these assets on 1/14 of year 37 Year 3 Asset Cost Recovery Compoter equipment 1,056 Furniture $ 1,977 Commercial building $ 2,057 Total 5,090 Renconected in coll formula based calculation incorrectne pride
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