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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 Computers Office desks Machinery Office building Date Acquired 1/30 2/15 7/25 8/13 Cost Basis $ 49,000 $ 53,000 $ 96,000 $ 428,000 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. Asset Year 1 Cost Recovery 9,800 S S 7,574 Computers Office desks Machinery Office building Total S 13,719 S 4,115 X 35,208 S
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