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can you solve for B. Convers Corporation (calendar year-end) acquired the following assets duting the current tax year: (ignore 5179 expense and bonus depreciation for

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Convers Corporation (calendar year-end) acquired the following assets duting the current tax year: (ignore 5179 expense and bonus depreciation for this problem) (Use MACRS Table 1, Table 2, and Table 5.) "The delivery truck is not a luxury automobile. In addition to these assets, Convers Installed quatified real property (MACRS, 15 year, 150\% DB) on May 12 at a cost of $300,000. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 5179 xpense and elects out of bonus depreciation? Tahle 1 MarDC Half Vann Cownontion TABLE: 2a MLCRS Mid-Quarter Convention: For property ploced in service during the first quarter TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second guarter TABLE 2c MACRS Mid-Quarter Convention: For property placed in servee during the thind quarter TABLE 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Depreciation Rate for Recovery Period } \\ \hline & 5-Year & 7-Year \\ \hline Year 1 & 5.00% & 3.57% \\ \hline Year 2 & 38.00 & 27.55 \\ \hline Year 3 & 22.80 & 19.68 \\ \hline Year 4 & 13.68 & 14.06 \\ \hline Year 5 & 10.94 & 10.04 \\ \hline Year 6 & 9.58 & 8.73 \\ \hline Year 7 & & 8.73 \\ \hline Year 8 & & 7.64 \\ \hline \end{tabular} TABLE 5 Nonreshential Keal Property Nid. Nonth Cenvenion Straight fine -39 Vears (for awets placed in service en er after May 13, 1993) \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Masth Property Flaced in Service } \\ \hline & Month 1 & Month 2 & Meath 3 & Month 4 & Monih 5 & Month 6 & Month? & Month 8 & Moath 9 & Month 10 & Menth 11 & Manth 12 \\ \hline Yrar 1 & 2.461% & 2247% & 2.033% & 1.819% & 1.605% & 1.391% & 1.17746 & 0.9635 & 0.74936 & 0.53576 & 0.321% & 0.10746 \\ \hline Vear239 & 2564 & 2.564 & 2564 & 2564 & 2564 & 2564 & 2564 & 2.564 & 2.564 & 2564 & 2564 & 2564 \\ \hline Vrar 40 & 0.107 & 6.121 & 0535 & 0.749 & 0961 & 1.17 & 1391 & 1.605 & 1.819 & 2033 & 2.247 & 2461 \\ \hline \end{tabular} Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore 5179 expense and bonus depreciation for this problem): (Use MACRS Table 1. Table 2, and "The delivery truck is not a luxury automobile. In addition to these assets, Convers instaled qualified real property (MACRS, 15 year, 150\% DB) on May 12 at a cost of $300,000. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect out of bonus epreclation (but does not take 5179 expense)

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