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DLW Corporation acquired and placed in service the following assets during the year: Date Cost Asset Acquired Basis Computer equipment 2/21 $ 17,800 Furniture 5/30
DLW Corporation acquired and placed in service the following assets during the year:
Date | Cost | ||
Asset | Acquired | Basis | |
Computer equipment | 2/21 | $ | 17,800 |
Furniture | 5/30 | 26,300 | |
Commercial building | 9/9 | 342,000 | |
|
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.)
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?
DLW Corporation acquired and placed in service the following assets during the year: Cost Basis Date Asset Acquired Computer equipment Furniture Commercial building 2/21 17,800 5/30 26,300 9/9 342,000 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.) b. What is DLWs year 3 cost recovery for each asset if DLW sells all of these assets on 4/25 of year 3 Year 3 Cost Recover Asset Computer equipment Furniture Commercial building TotalStep by Step Solution
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