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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 $ 62,500 $ 66,500 $ 109,500 $ 446,000 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 S 12,500 Office desks 9,503 Machinery $ 15,648 Office building $ 11,435 X Total $ 49,086 $
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