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+ Convers Corporation (calendar year-end) acquired the following assets during the current tax year. (ignore $179 expense and bonus depreciation for this problem): (Use
+ 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) of 2 Book Print ferences Asset Machinery Computer equipment. Delivery truck Furniture Total Date Placed in Service October 25 February 3 March 17 Original Basis $ 100,000 40,000 53,000 April 22 180,000 $ 373,000 "The delivery truck is not a luxury automobile. In addition to these assets, Convers installed qualified real property (MACRS, 15 year, 150% DB) on May 12 at a cost of $600,000 Problem 2-54 Part a (Algo) a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers do not elect 5179 expense and elects out of bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. MACRS depreciation 564 978
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