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Saved Required information [The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year:
Saved 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 Date Acquired Cost Basis Computer equipment 3//14 $16,500 Furniture 2//15 $18,500 Commercial building 12//16 $339,000 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 Year 1 Cost Recovery Computer equipment Furniture Commercial building Total
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