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DLW Corporation acquired and placed in service the following assets during the year: Date Cost Asset Acquired Basis Computer equipment 2/19 $ 16,300 Furniture 4/27
DLW Corporation acquired and placed in service the following assets during the year:
Date | Cost | ||
Asset | Acquired | Basis | |
Computer equipment | 2/19 | $ | 16,300 |
Furniture | 4/27 | $ | 22,900 |
Commercial building | 10/2 | $ | 319,000 |
|
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.)
a. What is DLW's year 1 cost recovery for each asset?
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