Required information Problem 10-54 (LO 10-2, LO 10-3) (Algo) Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (ignore 5179 expense and bonus depreciation for this problem): (Use MACRS Table 1. Table 2 and Table 5.) Date Placed Original Asset in Service Bania Machinery October 25 $ 114,000 Computer equipment February 54,000 Delivery truck. March 17 67.000 Purniture April 22 194,000 Total $ 429,000 "The delivery truck is not a luxury automobile. In addition to these assets, Convers installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $740,000. Problem 10-54 Part a (Algo) a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 5179 expense and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.) MACRS depnciation $ 42,853 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: Annet Computer equipment Purniture Commercial building Date Cost acquired Basis 3/2 $ 11,000 2/22 $ 22,600 9/10 $ 275,000 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. Toble 4 and Table 5) (Do not round Intermediate calculations. Round your final answers to the nearest whole dollar amount.) Problem 10-47 Part a (Algo) What is DLW's year 1 cost recovery for each asset? Asset Year 1 Cost Recovery $ 2,200 Computer equipment Furniture S $ Commercial building Total 3,230 2,648 8.078