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! Required information [The following information applies to the questions displayed below.) At the beginning of the year, Anna began a calendar-year business and placed
! Required information [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 Date Acquired Cost Basis Computers 1/30 $ 47,500 Office desks 2/15 $ 51,500 Machinery 7/25 $ 94,500 Office building 8/13 $ 426,000 Assuming Anna 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.) a. What is Anna's year 1 cost recovery for each asset? Answer is complete but not entirely correct. Year 1 Asset Cost Recovery Computers $ 9,400 Office desks $ 7,359 Machinery $ 13,504 Office building $ 4,098 Total $ 34,361
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