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b. What is DLW's year 3 cost recovery for each asset if DLW sells these assets on 2/24 of year 3? Required information Problem 10-47

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b. What is DLW's year 3 cost recovery for each asset if DLW sells these assets on 2/24 of year 3?

Required information Problem 10-47 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 2/25 3/14 10/13 Cost Basis $ 14,000 $ 19,100 $ 309,000 Assuming DLW 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.) Problem 10-47 Part a (Algo) a. What is DLW's year 1 cost recovery for each asset? Asset Computer equipment Furniture Year 1 Cost Recovery $ 2,800 $ 2,729 Commercial building Total $ 5,529

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