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DLW Corporation acquired and placed in service the following assets during the year: Date Cost Asset Acquired Basis Computer equipment 3/14 $ 16,500 Furniture 2/15
DLW Corporation acquired and placed in service the following assets during the year:
Date | Cost | ||
Asset | Acquired | Basis | |
Computer equipment | 3/14 | $ | 16,500 |
Furniture | 2/15 | $ | 18,500 |
Commercial building | 12/16 | $ | 339,000 |
|
Assuming DLW does not elect 179 expensing and elects not to use bonus depreciation, answer the following questions:
What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 5/21 of year 3?
computer equipment:
furniture:
commercial building:
Total:
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