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DLW Corporation acquired and placed in service the following assets during the year: Date Cost Asset Acquired Basis Computer equipment 2/26 $ 19,500 Furniture 2/26
DLW Corporation acquired and placed in service the following assets during the year:
Date | Cost | ||
Asset | Acquired | Basis | |
Computer equipment | 2/26 | $ | 19,500 |
Furniture | 2/26 | 18,000 | |
Commercial building | 12/20 | 341,000 | |
|
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 3/14 of year 3?
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