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Problem 10-47 (LO 10-2) (Static)

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DLW Corporation acquired and placed in service the following assets during the year:

	Date	Cost
Asset	Acquired	Basis
Computer equipment	2/17	$	10,000
Furniture	5/12	$	17,000
Commercial building	11/1	$	270,000

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 (Static)

a. What is DLW's year 1 cost recovery for each asset?

Asset Year 1 Cost Recovery

Computer equipment

Furniture

Commercial

building

Total$0

b. What is DLW's year 3 cost recovery for each asset if DLW sells all of these assets on 1/23 of year 3?

Asset Year 1 Cost Recovery

Computer equipment

Furniture

Commercial

building

Total$0