DLW Corporation acquired and placed in service the following assets during the year:
- Excellent quality
- 100% Turnitin-safe
- Affordable prices
|Asset||Date Acquired||Cost Basis|
|Computer equipment||3/11||$ 18,000|
|Commercial building||9/15||$ 317,000|
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.)
Problem 10-47 Part a (Algo)
a. What is DLW’s year 1 cost recovery for each asset?
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