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15 ! Part 2 of 2 0.5 oints Required information Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore
15 ! Part 2 of 2 0.5 oints Required information Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore 179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Table 5.) Asset Machinery Computer equipment Delivery truck* Furniture Total Date Placed in Original Service October 25 February 3 March 17 April 22 *The delivery truck is not a luxury automobile. Basis $ 80,000 20,000 33,000 160,000 $ 293,000 In addition to these assets, Convers installed qualified real property (MACRS, 15 year, 150% DB) on May 12 at a cost of $400,000. b. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect out of bonus depreciation (but does not take 179 expense)? Answer is complete but not entirely correct. MACRS depreciation $313,000 (
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