DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Date Acquired 3/13 Cost Basis $ 15,200 Furniture Commercial building 4/30 11/18 $ 20,500 $ 297,000 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.) Note: 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 Commercial building Total Year 1 Cost Recovery $ 0 TABLE za MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period Year 1 5-Year 35.00% 7-Year 25.00% Year 2 26.00 21.43 Year 3 15.60 1531 Year 4 11.01 10.93 Year 5 11.01 8.75 Year 6 138 8.74 Year 7 8.75 1.09 Year 8 TABLE 26 MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 1137 11.97 Year 5 1137 887 Year 6 4.26 8.87 Year 7 8.87 3.34 Year 8 TABLE 2 MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% Year 2 34.00 2551 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 5 11.30 9.30 Year 6 7.06 8.85 Year 7 8.86 553 Year 8 TABLE 24 MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 1094 10.04 Year 6 938 8.33 Year 7 8.73 Year 8 764