Question: ! Required information Problem 1 0 - 4 7 ( LO 1 0 - 2 ) ( Algo ) [ The following information applies to

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Required information
Problem 10-47(LO 10-2)(Algo)
[The following information applies to the questions displayed below.]
DLW Corporation acquired and placed in service the following assets during the year:
\table[[Asset,Date Acquired,Cost Basis],[Computer equipment,3/12,$ 19,700],[Furniture,4/4,$20,800],[Commercial building,10/20,$ 293,000]]
Assuming DLW does not elect $179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.
Problem 10-47 Part b (Algo)
b. What is DLW's year 3 cost recovery for each asset if DLW sells these assets on 38 of year 3?
\table[[Asset,\table[[Year 3],[Cost Recovery]]],[Computer equipment,],[Furniture,],[Commercial building,],[Total,$
! Required information Problem 1 0 - 4 7 ( LO 1 0

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