At the beginning of the year, Anna began a calendar-year business and placed in service the following assets during the year:AssetDate AcquiredCost BasisComputers1/30$ 28,000Office desks2/1532,000Machinery7/2575,000Office building8/13400,000Assuming Anna does not elect §179 expensing and elects not to use bonus depreciation, answer the following questions:a. What is Anna’s year 1 cost recovery for each asset?b. What is Anna’s year 2 cost recovery for each asset?
