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3 ! Part 1 of 2 5 Dints Required information Problem 02-48 (LO 02-2) (Algo) [The following information applies to the questions displayed below.] At
3 ! Part 1 of 2 5 Dints Required information Problem 02-48 (LO 02-2) (Algo) [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 Computers Office desks Machinery Office building Date Acquired Cost Basis 1/30 $ 34,000 2/15 $ 38,000 7/25 8/13 $ 81,000 $ 408,000 Assuming Anna does not elect 179 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 02-48 Part a (Algo) a. What is Anna's year 1 cost recovery for each asset? Answer is not complete. Year 1 Asset Cost Recovery Computers $ 6,800 Office desks $ 5,430 Machinery $ 11,574 Office building Total $ 23,804
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