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The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Part 2 of
The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Part 2 of 2 Asset Computer equipment Furniture Commercial building Date Acquired 2/26 2/26 12/20 Cost Basis $ 19,500 18,000 341,000 points 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 b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 3/14 of year 3? & Answer is complete but not entirely correct. Asset $ Computer equipment Furniture Commercial building Total Year 3 Cost Recovery 1,872 1,574 1,093 4,539
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