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DLW Corporation acquired and placed in service the following assets during the year: Date Cost Asset...

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

Date Cost
Asset Acquired Basis
Computer equipment 3/9 $ 15,800
Furniture 5/23 23,200
Commercial building 10/19 347,000

Assuming DLW does not elect §179 expensing and elects not to use bonus depreciation, answer the following questions: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)

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

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Answer #1

Recovery period for Non residential real property placed in service after may 12 ,1993 is 39 years.

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