a. What is the allowable MACRS depreciation on Converss property in the current year assuming Convers does not elect 179 expense and elects out of bonus 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)?

Help 4 Part 1 of 2 1 Dons Required information Convers Corporation (calendar year-end) acquired the following assets during the current tax year. Ognore 1179 expense and bonus depreciation for this problem (Use MACRS Table 1. Table 2 and Table 5.) Date Placed in Original Anet Service tiania Machinery Detober 25 $70,000 Computer equipment February 10,000 Delivery truck March 17 23,000 furniture April 22 150,000 Total $ 259,000 'The delivery truck is not a luxury automobile In addition to these assets, Convers Installed new flooring Kualmed improvement property to its oice building on May 12 at a cost of $300.000 Stoped a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 5179 expense and elects out of bonus depreciation? MACRS depreciation 15-Year 5.00 9.50 8.55 7.70 6.93 20-Year 3.750 7.219 6677 6.177 5.713 5285 48 623 4.522 Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year Year 1 33.33% 20.00 14.299 10.00 Year 2 4445 32.00 2449 THIO Year 3 14.81 19.20 17:49 14:40 Year 4 741 11.52 12:49 11.52 Neur 11.33 893 9.22 Year 5.76 1.92 7.37 Year 7 191 655 Year 4.46 Year 9 6.56 Year 10 Year 11 Year 12 Year 1.3 Year 14 Year 15 Year 16 Year 17 Year 18 Year 19 Year 20 Year 21 655 5.50 5.90 591 5.90 5.91 5.00 5.91 5.90 591 2.95 4462 4461 4.42 4 461 4.462 4.461 4.462 4.461 4462 4.461 4.462 4.461 2.231 TABLE Z MACRS M-Quarter Cravention. For property placed in service de the fore quarter Depreciation Rate for Recovery Period S-Year 7.Year Year 1 15.00 2500 Year 2 26.00 21:43 Year 15.60 1531 Year 4 11.01 10.93 Years 1101 3.75 Year 6 74 Year 7 75 Year 100 TABLE 26 MACRS Mid-Quarter Convention for property placed in nicht sonder Depreciation Rate for Recovery Period 5-Year 7-Year Year! 25.00 175 Year 2 30.00 23:47 Year 3 18.00 16.76 Year 4 11:37 11.97 Year 5 11.37 8.87 Year 6 4.26 887 Year 7 8.87 Year 8 3.44 TABLE 2 MACRS Mid-Quarter Convention For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year! 15.00 10.715 Year 2 34.00 25 Si Year 3 18.00 16.76 Year 11.37 11.97 Years 11.37 3.67 Year 6 426 87 Year 7 X.87 Year 3.10 TABLE 26 MACRS Mid-Quarter Conventions for property land or service during the third quarter Depreciation Rate for Recovery Period S. Year 7-Year Year! 15.00 10.715 Year 2 400 Year 30.40 IN 22 Year 4 12.34 13.02 Year 11. 9:10 Year 6 7.06 8 Year 7 W NA Years 5.53 TABLE 20 MACRS.Mid Quarter Convention For paperly placed in service in the fourth great Depreciation Rate for Recovery Period 5.Wear 7. Year Year 1 S. 3.570 Year 2 38.00 27.55 Year 22.80 1968 Year 4 1368 14.06 Year 5 10.94 10.04 Year 6 95 8.73 Year 7 873 Years 764 TABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years for awes placed in service on or after May 13, 1993 Month Property Maced in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Mouth 7 Month Month Year 1 24615 2.2479 2,0334 18199 1.605% 1.3914 1.1975 0.93 0.7994 Year 2-39 2.564 2.56+ 2.564 2.566 2564 2.561 2.564 2564 2564 Year 40 0.107 0321 0.515 0.749 0.963 1391 1s 1819 Month 12 0.1073 Month 10 0.5359 2.564 2013 Month 11 0.3214 2564 2.347 2.051