Question

QUESTIONS DLW Corporation acquired and placed in service the following assets during the year Asset Computer equipment Furniture Commercial building Date Acquired 2/17 5/12 11/1 Cost Basis $10,000 $16.000 $270.000 Assuming DLW does not elect 5179 expensing and elects not to use bonus depreciation, what is DLWs year 3 cost recovery for each asset if DLW sells all of these assets on 1/23 of year 37 QUESTION G On November 10 of yoor 1 Javier purchased a building, including the land it was on, to assemble his new equipment. The total cost of the purchase was $1,300,000, 15% was allocated to the basis of the land and the romaining 85% was allocated to the basis of the building Using MACRS, what is Javier's depreciation expense on the building for year 2? QUESTION 7 On March 25 of year 1 Javier purchased an apartment building, including the land it was on. The total cost of the purchase was $1,300,000, 10% was allocated to the basis of the land and the remaining 90% was allocated to the basis of the building Using MACRS, what is Javier's depreciation expenso on the building for year 3

Answer 1

ACCORDING TO CHEGG GUIDELINES ONLY ONE QUESTION IS TO BE ANSWERED FROM DIFFERENT QUESTION, so please post other 2 questions seprately

ANSWER5

TYPE OF ASSET	ORIGINAL COST	RECOVERY PERIOD	RATE OF DEPRECIATION	PORTION OF YEAR	DEPRECIATION AMOUNT
Computer Equipment	$10,000	5 years	19.20%	50%	$960
Furniture	$16,000	7 years	17.49%	50%	$1,400
Building	$270,000	39 years	2.57%	4.16%	$289
TOTAL					$2,649

hope you got the answer, please comment for clarification

Thankyou and all the best for future

PLEASE UPVOTE,,,

and post other 2 questions seprately