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Convers Corporation ( calendar year - end ) acquired the following assets during the current tax year: ( ignore 1 7 9 expense and bonus
Convers Corporation calendar yearend acquired the following assets during the current tax year: ignore expense and bonus depreciation for this problem: Use MACRS Table Table and Table
Asset Date Placed in Service Original Basis
Machinery October $
Computer equipment February
Delivery truck March
Furniture April
Total $
The delivery truck is not a luxury automobile.
In addition to these assets, Convers installed qualified real property MACRS year, DB on May at a cost of $
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 expense
Note: Round your intermediate calculations to the nearest whole dollar amount.
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