Question: pleas solve While completing undergraduate school work in information systems, Dallin Boume and Michael Banks decided to start a technology support company called eSys Answers.

pleas solve
pleas solve While completing undergraduate school work in information systems, Dallin Boume
and Michael Banks decided to start a technology support company called eSys
Answers. During year 1, they bought the following assets and incurred the
following start-up fees: Year 1 Assets Purchase Date Basis Computers (5-year) October
30, Year 1 $16,300 Office equipment (7-year) October 30, Year 2 10,000

While completing undergraduate school work in information systems, Dallin Boume and Michael Banks decided to start a technology support company called eSys Answers. During year 1, they bought the following assets and incurred the following start-up fees: Year 1 Assets Purchase Date Basis Computers (5-year) October 30, Year 1 $16,300 Office equipment (7-year) October 30, Year 2 10,000 Furniture (7-year) October 30, Year 1 5,600 Start-up costs October 30, Year 1 19,340 In April of year 2, they decided to purchase a customer list from a company providing virtually the same services, started by fellow information systems students preparing to graduate. The customer list cost $12,340, and the sale was completed on April 30. During their summer break, Dallin and Michael passed on internship opportunities in an attempt to really grow their business into something they could do full time after graduation. In the summer, they purchased a small van (for transportation, not considered a luxury auto) and a pinball machine (to help attract new employees). They bought the van on June 15, Year 2 for $28.000 and spent $4,300 getting it ready to put into service. The pinball machine cost $5,300 and was placed in service on July 1 Year 2 Year 2 Assets Purchase Date Basis Van June 15, Year 2 $ 32,380 Pinball machine (7-year) July 1, Year 2 5,300 Customer list April 30, Year 2 12,340 Assume that eSys Answers does not claim any 5179 expense or bonus depreciation. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Rega Reqc What are the maximum cost recovery dedutions for eSys Answers for Year 1 and Year 2? Recovery Deduction Year 1 Year 2 Reg A Reqc > Req A Reqc What is eSys Answers' basis in each of its assets at the end of Year 2? Adjusted Basis Asset Original Immediate Year 1 Cost Year 2 Cost Year 2 Ending Basis Expense Recovery Recovery Basis Computer Equipment Office Equipment Fumiture Start-up costs Van Pinball machine Customer List $ 0 0 $ $ 0 $ Totals 0 $ 0

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