[SOLVED] Question & Answer: DLW Corporation acquired and placed in service the following assets during the year:…..

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February 16th, 2022

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

	Date	Cost
Asset	Acquired	Basis
Computer equipment	2/23	$	13,500
Furniture	6/20		24,600
Commercial building	8/10		335,000

Assuming DLW does not elect §179 expensing or bonus depreciation, answer the following questions: (Use MACRS)

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

b. What is DLW’s year 3 cost recovery for each asset if DLW sells all of these assets on 5/4 of year 3?

Related: Corporation

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