DLW Corporation acquired and placed in service the following assets during the year: Asset Date...
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DLW Corporation acquired and placed in service the following assets during the year: Asset Date Acquired Cost Basis Computer equipment 3/13 $ 15,200 Furniture 4/30 $ 20,500 Commercial building 11/18 $ 297,000 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.
b. What is DLW's year 3 cost recovery for each asset if DLW sells these assets on 4/14 of year 3?
Computer Equipment:
Funiture:
Commercial Building:
Total:
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