What is DLW cost recovery for each asset
Question # 00767128
Posted By:
Updated on: 06/25/2020 04:30 AM Due on: 07/03/2020
Problem - DLW Corporation acquired and placed in service the following assets during the year:
|
Asset |
Date Acquired |
Cost |
|
Computer equipment |
3/13 |
$ 15,200 |
|
Furniture |
4/30 |
20,500 |
|
Commercial building |
11/18 |
297,000 |
Assuming DLW does not elect §179 expensing or bonus depreciation, answer the following questions:
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 4/14 of year 3?
-
Rating:
/5
