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47. DLW corporation acquired and placed in service the follwoing assets during the year Assets Date Aquired Cost Basis Computer Equip 2/17 $10,000 Furniture 5/12
47. DLW corporation acquired and placed in service the follwoing assets during the year Assets Date Aquired Cost Basis Computer Equip 2/17 $10,000 Furniture 5/12 17,000 Commercial Building 11/1 270,000 Assuming DLW does not elect 179 expensing or bonus depreciation, answer the following questions a. What is DLW year 1 cost recovery for each asset? b. What is DLW year 3 cost recovery for each asset? c. What if DLW sells all of these assets on 1/23 or year 3
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