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Required information Problem 10-48 (LO 10-2) (Algo) [The following information applies to the questions displayed below.] At the beginning of the year, Anna began
Required information 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 Computers Office desks Machinery Office building Date Acquired Cost Basis 1/30 $ 31,000 2/15 7/25 $ 35,000 $ 78,000 8/13 $ 404,000 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.) Problem 10-48 Part a (Algo) a. What is Anna's year 1 cost recovery for each asset? Year 1 Asset Cost Recovery Computers Office desks Machinery Office building Total
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