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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
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 Required 3/5 4/22 8/19 $ Cost Basis 18,500 25,900 291,000 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.) nces b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 3/26 of year 3? Asset Computer equipment Furniture Commercial building Total Year 3 Cost Recovery $ 1,776 $ 2.265 4.041
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