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Problem 10-48 (LO 10-2) (Algo) [The following information applies to the questions displayed below) At the beginning of the year, Anna began a calendar year

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Problem 10-48 (LO 10-2) (Algo) [The following information applies to the questions displayed below) At the beginning of the year, Anna began a calendar year business and placed in service the following assets during the year: Asset Date Acquired Computers 1/30 $ 49,000 Office desks $ 53,000 Machinery 7/25 office building 8/13 $ 428,000 Assuming Anna does not elect 5179 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.) Cost Basis 2/15 $ 96,000 Problem 10-48 Part b (Algo) b. What is Anna's year 2 cost recovery for each asset? Asset Year 2 Cost Recovery Computers Office desks Machinery Office building Total

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