(Answered) Problem - dlw corporation acquired and placed in service

Accounting

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

Asset	Date Acquired	Cost Basis
Computer equipment	3/13	$ 15,200
Furniture	4/30	20,500
Commercial building	11/18	297,000

Assuming DLW does not elect §179 expensing or bonus depreciation, answer the following questions:

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 all of these assets on 4/14 of year 3?

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