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

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

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

	Date	Cost
Asset	Acquired	Basis
Computers	1/30	$	35,500
Office desks	2/15	$	39,500
Machinery	7/25	$	82,500
Office building	8/13	$	410,000

Assuming Anna does not elect §179 expensing and elects not to use bonus depreciation, answer the following questions:

What is Anna’s year 1 cost recovery for each asset?

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

business accounting

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Answer 1

Answer #1

solutions Given data, Date Corst Asset acquired Basis 3550o 130 2/15 comprcters Affice desks machinery office building 39 500

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Answer 2

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