Question
DLW Corporation acquired and placed in service the following assets during the year: Date Cost Asset Acquired Basis Computer equipment 2/20 $ 19,200 Furniture 4/24
DLW Corporation acquired and placed in service the following assets during the year:
Date | Cost | ||
Asset | Acquired | Basis | |
Computer equipment | 2/20 | $ | 19,200 |
Furniture | 4/24 | $ | 19,500 |
Commercial building | 10/18 | $ | 350,000 |
|
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 b (Algo)
b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 3/20 of year 3?
Year 3 COST RECOVERY
Computer Equipment : $____?
Furniture :$_____?
Commercial Building :$____?
Total :$_______?
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