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DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 2/21 5/30 9/9 Cost
DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 2/21 5/30 9/9 Cost Basis $ 17,800 $ 26,300 $ 342,000 Assuming DLW does not elect 8179 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? Asset Computer equipment Furniture Commercial building Total Year 1 Cost Recovery $ 3,560 $ 3,758 $ 7,318 b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 4/25 of year 3? Year 3 Cost Recovery Asset Computer equipment Furniture Commercial building Total $ 0
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