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Required information [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Date
Required information [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Date Acquired 3/12 4/4 10/20 Asset Computer equipment Furniture Commercial building $ Cost Basis 19,700 20,800 293,000 Assuming DLW 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.) b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 3/8 of year 3? Asset Year 3 Cost Recovery Computer equipment Furniture Commercial building Total Required information [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 3/12 4/4 10/20 Cost Basis $ 19,700 20,800 293,000 Assuming DLW 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 DLW's year 1 cost recovery for each asset? Asset Year 1 Cost Recovery Computer equipment Furniture Commercial building Total
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