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

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Accounting

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

Date Cost
Asset Acquired Basis
Computer equipment 2/19 $ 16,300
Furniture 4/27 $ 22,900
Commercial building 10/2 $ 319,000

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.)

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

Asset Year 1 Cost Recovery
Computer equipment
Furniture
Commercial building
Total $0

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