DLW Corporation acquired and placed in service the following assets during the year:
Asset | Date Acquired | Cost Basis |
---|---|---|
Computer equipment | 3/11 | $ 18,000 |
Furniture | 3/7 | $ 23,500 |
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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