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Required information Problem 10-47 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following
Required information Problem 10-47 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Asset Date Acquired Cost Basis Computer equipment 3/1 $ 18,300 Furniture 1/16 $ 18,800 Commercial building 8/26 $ 323,000 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 these assets on 2/22 of year 3? Year 3 Cost Recovery Asset Computer equipment Furniture Commercial building Total $ 0
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