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

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Accounting

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

Asset Date Acquired Cost Basis
Computer equipment 2/26 $ 19,500
Furniture 2/26 $ 18,000
Commercial building 12/20 $ 341,000

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.)

Note: 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?

b. What is DLW's year 3 cost recovery for each asset if DLW sells these assets on 3/14 of year 3?

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