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What is DLW cost recovery for each asset

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Reference no: EM132032188

Problem - 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 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?

Reference no: EM132032188

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