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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. Date

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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. Date Cost Asset Basis Acquired 2/17 Computer equipment Furniture $10,000 $ 17,000 5/12 Commercial building 11/1 $ 270,000 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.) b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 1/23 of year 37 Asset Year 3 Cost Recovery Computer equipment Furniture Commercial building Total

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