The following information applies to the questions displayed below. DLW Corporat

Question

The following information applies to the questions displayed below. DLW Corporation acquired and placed in service the following assets during the year. Date Acquired Basis Computer equipment 37 $ 15,900 25,100 11/27 325,000 3/3 Commercial building Assuming DLW does not elect §179 expensing or bonus depreciation, Round your final answers to the nearest whole dollar amount) answer the following questions: (Use MACRS Table 1 Table 2 Table 3, Table 4 and Table5) Requ 100 points a. What is DLW's year 1 cost recovery for each asset? Year 1 Asset Cost R ery Computer equipment Furniture Commercial building Total

Explanation / Answer

PART A asset year 1 cost recovery computer equipment 3180 furniture 3587 building 1043 total 7810 asset Recoveryperiod OriginalBasis Rate Depreciation computer equipment 5 yrs 15900 20.00% 3180 furniture 7 yrs 25100 14.29% 3587 building 39 yrs 325000 0.32% 1043 7810 PART B asset year 3 cost recovery computer equipment 1526 furniture 2195 building 347 total 4069 asset Recoveryperiod OriginalBasis rate portion of year depreciaiton computer equipment 5 yrs 15900 19.20% 50% 1526 furniture 7 yrs 25100 17.49% 50% 2195 building 39 yrs 325000 2.56% 4.17% 347 4069

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.