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tions displayed below.) DLW Corporation acquired and placed in service the following assets during the year: Cost Basis Date Asset Acquired Computer equipment Furniture 2/28
tions displayed below.) DLW Corporation acquired and placed in service the following assets during the year: Cost Basis Date Asset Acquired Computer equipment Furniture 2/28 $ 18,800 26,600 2/9 10/10 Commercial building 348,000 Assuming DLW does not elect 5179 expensing or 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.) b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 4/20 of year 3? Answer is complete but not entirely correct ear Cost Recove Asset Computer equipment Furniture Commercial building Total 1.805 2,326 4,461 8,592 tions displayed below.) DLW Corporation acquired and placed in service the following assets during the year: Cost Basis Date Asset Acquired Computer equipment Furniture 2/28 $ 18,800 26,600 2/9 10/10 Commercial building 348,000 Assuming DLW does not elect 5179 expensing or 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.) b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 4/20 of year 3? Answer is complete but not entirely correct ear Cost Recove Asset Computer equipment Furniture Commercial building Total 1.805 2,326 4,461 8,592
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