DLW Corporation acquired and placed in service the following assets during the y

Question

DLW Corporation acquired and placed in service the following assets during the year: (Use MACRS Table 1,Table 2, Table 3, Table 4 and Table 5.)

338,000  

Assuming DLW does not elect

DLW Corporation acquired and placed in service the following assets during the year: (Use MACRS Table 1,Table 2, Table 3, Table 4 and Table 5.)

DLW Corporation acquired and placed in service the following assets during the year: DLW Corporation acquired and placed in service the following assets during the year: (Use MACRS Table Assuming DLW does not elect §179 expensing or bonus depreciation, answer the following questions: What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 4/1 of year 3?(Round your answers to the nearest dollar amount.)

Explanation / Answer

Hi,

Please find the answer as follows:

Part A:

Part B:

Thanks.

Asset Purchase Date Quarter Recovery Period Original Basis Rate Year 1 Cost Recovery Computer Equipment 27-Feb 1st 5 9500 20% 1900 Furniture 26-Apr 2nd 7 17700 14.29% 2529 Building 1st Sep 3rd 39 338000 0.535% 1808

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