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Could someone help me solve for the commercial building year 3 cost recovery? The answer is not 347 or 2,427. Check my work Required information
Could someone help me solve for the commercial building year 3 cost recovery? The answer is not 347 or 2,427.
Check my work Required information [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Cost Basis 15,900 25,100 325,000 Date Asset Acquired Computer equipment Furniture Commercial building 3/7 3/3 11/27 Assuming DLW does not elect 5179 expensing or 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.) b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 4/25 of year 3? ear Cost Recove Asset Computer equipment Furniture Commercial building Total 1,526 2,195 2,427 6,148Step by Step Solution
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