7 Part 1 of 2 5.55 pos cosess Skipped P 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 Computer equipment Date Acquired 2/18 Cost Basis $ 12,200 Commercial building 3/17 11/25 $ 25,600 $ 320,000 Furniture 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 a (Algo) a. What is DLW's year 1 cost recovery for each asset? Asset Computer equipment Year 1 Cost Recovery Furniture Commercial building Total $ Help Save & Exit Submit