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Required information Skip to question [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during

Required information

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[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 3/11 $ 18,000
Furniture 3/7 $ 23,500
Commercial building 9/15 $ 317,000

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.)

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

a. What is DLW's year 1 cost recovery for each asset?

Cost Recovery Year 1 Cost Recovery
Computer equipment
Furniture
Commercial building
Total

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