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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 Cost Basis $ 53,500 2/15 $ 57,500 7/25 8/13 $ 100,500 $ 434,000 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? Year 1 Asset Cost Recovery Computers $ 10,700 Office desks $ 8,217 Machinery $ 14,361 Office building Total $ 33,278
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