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At the beginning of the year, Anna began a calendar-year business and placed in service...

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Accounting

At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year:

Asset Date Acquired Cost Basis
Computers 1/30 $ 47,500
Office desks 2/15 $ 51,500
Machinery 7/25 $ 94,500
Office building 8/13 $ 426,000

Assuming Anna 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.)

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.

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

b. What is Anna's year 2 cost recovery for each asset?

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