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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:

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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: Asset Computer equipment Date Acquired Cost Basis 2/21 $ 17,800 Furniture 5/30 $ 26,300 Commercial building 9/9 $ 342,000 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.) Note: 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 Computer equipment Furniture Commercial building Total Year 1 Cost Recovery $ 0 DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 2/21 Cost Basis $ 17,800 5/30 $ 26,300 9/9 $ 342,000 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.) Note: 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 these assets on 4/25 of year 3? Asset Computer equipment Furniture Commercial building Year 3 Cost Recovery Total

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