Required information The following information applies to the questions displayed below. While completing undergraduate school work in information systems, Dallin Bourne and Michael Banks decided to start a business called eSys Answers which was a technology support company. During year 1, they bought the following assets and incurred the following fees at start-up Purchase Date October 30, Y1 October 30, Y1 October 30, Y1 October 30, Y1 Basis Year 1 Assets Computers (5-year) Office equipment (7-year) Furniture (7-year) Start-up costs $ 15,000 10,000 3,000 17,000 In April of year 2, they decided to purchase a customer list from a company started by fellow information systems students preparing to graduate who provided virtually the same services. The customer list cost $10,000 and the sale was completed on April 30th. During their summer break, Dallin and Michael passed on internship opportunities in an attempt to really grow their business into something they could do full time after graduation. In the summer, they purchased a small van (for transportation, not considered a luxury auto) and a pinball machine (to help attract new employees). They bought the van on June 15, Y2, for $15,000 and spent $3,000 getting it ready to put into service. The pinball machine cost $4,000 and was placed in service on July 1, Y2. Year 2 Assets Basis Purchase Date June 15, Y2 July 1, Y2 April 30, Y2 Van Pinball machine (7-year) Customer list $ 18,000 4,000 10,000 Assume that eSys Answers does not claim any 179 expense or bonus depreciation. (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Required a. What are the maximum cost recovery deductions for eSys Answers for Y1 and Y2? c.What is eSys Answers' basis in each of its assets at the end of Y2? Complete this question by entering your answers in the tabs below Req A Req C What are the maximum cost recovery deductions for eSys Answers for Y1 and Y2? Recovery deductions Y 1 Y 2 K Req A Required o. What are the maximum cost recovery deductions for eSys Answers for Y1 and Y2? c. What is eSys Answers' basis in each of its assets at the end of Y2? Complete this question by entering your answers in the tabs below Req A Req C What is eSys Answers's basis in each of its assets at the end of Y2? Adjusted Basis Year 1 Cost Year 2 Cost Yr 2 Ending Original Basis Asset Expense Recovery Recovery Basis Computer Equipment Office Equipment Furniture Start-up costs Delivery Van Pinball machine Customer List Totals