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Question:
DLW Corporation acquired and placed in service the following assets during the year:
Asset
Date Acquired
Cost Basis
Computer equipment
2/17
$10,000
Furniture
5/12
$17,000
Commercial building
11/1
$270,000
Assuming DLW does not elect (179) expensing and elects not to use bonus depreciation, answer the following questions:
What is DLW's year cost recovery for each asset?
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