Question: please help me answer this before 8pm Required information (The following Information applies to the questions displayed below) At the beginning of the year, Anna
Required information (The following Information applies to the questions displayed below) At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year: Asset Date Acquired Cost Basis Computers 1/30 $ 61,000 Office desks 2/15 $ 65,000 Machinery 7/25 $ 108,000 office building 8/13 $ 444,000 Assuming Anna 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.) a. What is Anna's year 1 cost recovery for each asset? Asset Year 1 Cost Recovery Computers Office desks Machinery Office building Total $ 0
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