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The answer is not 377. ! Required information Problem 10-47 (LO 10-2) (Algo) [The following information applies to the questions displayed below.) DLW Corporation acquired

image text in transcribedThe answer is not 377.

! Required information Problem 10-47 (LO 10-2) (Algo) [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 2/22 3/5 7/6 Cost Basis $ 10,500 $ 21,000 $ 315,000 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.) Problem 10-47 Part b (Alg b. What is DLW's year 3 cost recovery for each asset if DLW sells these assets on 4/10 of year 3? Asset Year 3 Cost Recovery $ 1.008 $ 1,836 Computer equipment Furniture Commercial building Total $ 2,844

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