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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 Computer equipment Furniture Commercial building Date Acquired 3/4 3/28 10/14 Cost Basis $ 18, 200 $ 20,300 $ 306,000 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 all of these assets on 2/27 of year 3? Asset Year 3 Cost Recovery Computer equipment Furniture Commercial building Total $ 0
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