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10-54 (LO 10-2, LO 10-3) (Algo) vers Corporation (calendar-year-end) acquired the following assets during the current tax year. Assume EES Act applies. (ignore $179 expense
10-54 (LO 10-2, LO 10-3) (Algo) vers Corporation (calendar-year-end) acquired the following assets during the current tax year. Assume EES Act applies. (ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1. e 2 and Table 5.) Asset achinery Omputer equipment elivery truck urniture otal Date Placed in Service October 25 February 3 March 17 April 22 Original Basis $ 94,000 34,000 47,000 174,000 $ 349,000 he delivery truck is not a luxury automobile. addition to these assets, Convers installed new flooring (qualified improvement property) to its office nilding on May 12 at a cost of $540,000. S Problem 10-54 Part b (Alqo) 10-54 (LO 10-2, LO 10-3) (Algo) vers Corporation (calendar-year-end) acquired the following assets during the current tax year. Assume EES Act applies. (ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1. e 2 and Table 5.) Asset achinery Omputer equipment elivery truck urniture otal Date Placed in Service October 25 February 3 March 17 April 22 Original Basis $ 94,000 34,000 47,000 174,000 $ 349,000 he delivery truck is not a luxury automobile. addition to these assets, Convers installed new flooring (qualified improvement property) to its office nilding on May 12 at a cost of $540,000. S Problem 10-54 Part b (Alqo)
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