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A. What is Annas year 1 cost recovery for each asset? B.What is Annas year 2 cost recovery for each asset? At the beginning of
A. What is Annas year 1 cost recovery for each asset?
B.What is Annas year 2 cost recovery for each asset?
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 1/30 2/15 7/25 8/13 Cost Basis $ 32,500 $ 36,500 $ 79,500 $ 406,000 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.)Step by Step Solution
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