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9 Part 1 of 2 7 points 02:55:04 Required information [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in

image text in transcribedimage text in transcribed 9 Part 1 of 2 7 points 02:55:04 Required information [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 Furniture Commercial building Date Acquired Cost Basis 3/2 $ 11,000 2/22 $ 22,600 9/10 $ 275,000 Assuming DLW 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.) Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. a. What is DLW's year 1 cost recovery for each asset? Asset Computer equipment Furniture Commercial building Total Year 1 Cost Recovery 8 ! 10 Part 2 of 2 points 02:54:54 Required information [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 $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.) Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. b. What is DLW's year 3 cost recovery for each asset if DLW sells these assets on 1/14 of year 3? Asset Year 3 Computer equipment Furniture Commercial building Total Cost Recovery

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