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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

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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 assets during the year. Asset Date Acquired Cost Basis Computer equipment 2/26 $ 19,500 Furniture 2/26 $ 18,000 Commercial building 12/22 $ 341,000 Assuming DLW does not elect 3179 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 a (Algo) a. What Is DLW's year 1 cost recovery for each asset? Asset Year 1 Cost Recovery Computer equipment Furniture Commercial building Total $ 0 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 Computer equipment Furniture Commercial building Date Acquired 2/26 2/26 12/20 Cost Basis $ 19,500 $ 18,00 $ 341,200 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 3/14 of year 3? Asset Year 3 Cost Recovery Computer equipment Furniture Commercial building Total $

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