5 ! Part 1 of 2 Required information Problem 10-54 (LO 10-2, LO 10-3) (Static) 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 7.14 points Skipped Computer equipment Delivery truck* Furniture Date Placed in Original Basis Service October 25 $ 70,000 February 3 March 17 April 22 10,000 23,000 150,000 Total $ 253,000 eBook *The delivery truck is not a luxury automobile. Print In addition to these assets, Convers installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $300,000. o References Problem 10-54 Part a (Static) a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 179 expense and elects out of bonus depreciation? MACRS depreciation 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)? MACRS depreciation