Question: II NEED HELP WITH FIGURING OUT THE ANSWER FOR COMMERCIAL BUILDING ! Required information (The following information applies to the questions displayed below.] DLW Corporation
II NEED HELP WITH FIGURING OUT THE ANSWER FOR COMMERCIAL BUILDING
! Required information (The following information applies to the questions displayed below.] DLW Corporation acquired and placed in service the following assets during the year: Asset Computer equipment Furniture Commercial building Date Acquired 3/4 3/28 10/14 Cost Basis $ 18, 200 $ 20,300 $ 306,000 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 2/27 of year 3? Asset Year 3 Cost Recovery $ 1,747 Computer equipment Furniture $ 1,775 Commercial building $ 341 Total $ 3,863
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