(ihe following information applies to the questions displayed below.j At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year: E TI Date Acquired 1/30 2/15 7/25 8/13 Cost Basis $ 64,000 $ 68,000 $ 111,000 $ 448,000 Asset Computers Office desks Machinery Office building 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.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) b. What is Anna's year 2 cost recovery for each asset? Year 2 Asset Cost Recovery Computers Office desks Machinery Office building Total

(ihe following information applies to the questions displayed below.j At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year: E TI Date Acquired 1/30 2/15 7/25 8/13 Cost Basis $ 64,000 $ 68,000 $ 111,000 $ 448,000 Asset Computers Office desks Machinery Office building 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.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) b. What is Anna's year 2 cost recovery for each asset? Year 2 Asset Cost Recovery Computers Office desks Machinery Office building Total

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion

Section: Chapter Questions

Problem 8DQ

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