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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: Date Acquired 1/30 Asset Computers Office desks Machinery Office building 2/15 7/25 8/13 Cost Basis $ 34,000 $ 38,000 $ 81,000 $ 408,000 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? Asset Year 1 Cost Recovery Computers Office desks Machinery Office building Total S 0
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