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At the beginning of the year, Dee began a calendar-year business and placed in service the following assets during the year: Asset Date Acquired Cost
At the beginning of the year, Dee began a calendar-year business and placed in service the following assets during the year:
Asset | Date Acquired | Cost Basis |
Computer equipment | 3/23 | $5,000 |
Furniture | 5/12 | $17,000 |
Pickup truck | 11/15 | $15,000 |
Commercial building | 10/11 | $270,000 |
Assuming Dee does not elect 179 expensing or bonus depreciation, what is Dees year 2 total cost recovery for these assets?
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