Required informatio [The following information applies to the questions displaye

Question

Required informatio [The following information applies to the questions 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 2/9 10/10 26,600 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.) What is DLW's year 1 cost recovery for each asset? ear 1 Asset Cost Recove Computer equipment Furniture Commercial building Total

Explanation / Answer

a.

Working:

b.

Working:

Year 1 Asset Cost Recovery Computer Equipment 6580 Furniture 9310 Commercial Building 1862 Total 17752

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