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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: Asset Computers Office desks

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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: Asset Computers Office desks Machinery Office building Date Acquired 1/30 2/15 7/25 8/13 Cost Basis $ 58,000 $ 62,000 $ 105,000 $ 440,000 Assuming Anna 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.) a. What is Anna's year 1 cost recovery for each asset? Asset Year 1 Cost Recovery Computers Office desks Machinery Office building Total $ 0 b. What is Anna's year 2 cost recovery for each asset? Year 2 Cost Recovery Asset Computers Office desks Machinery Office building Total $ 0

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