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At the beginning of the year, Miranda began a calendar-year business and placed in service the following assets during year 1 Cost Asset Computers Office

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At the beginning of the year, Miranda began a calendar-year business and placed in service the following assets during year 1 Cost Asset Computers Office desks Machinery Office building Date Placed in Service 1/30 2/15 7/25 8/13 Basis $ 46,000 $ 50,000 $ 93,000 $ 424,000 Assuming Miranda elects out of bonus depreciation and does not elect $179 expensing, 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.) b. What is Miranda's year 2 cost recovery for each asset? Asset Year 2 Cost Recovery Computers Office desks Machinery Office building Total $

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