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At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year: Date Cost Asset Acquired
At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year:
Date | Cost | ||
Asset | Acquired | Basis | |
Computers | 1/30 | $ | 29,500 |
Office desks | 2/15 | $ | 33,500 |
Machinery | 7/25 | $ | 76,500 |
Office building | 8/13 | $ | 402,000 |
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.)
a. What is Annas year 1 cost recovery for each asset?
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