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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 MACRS Table

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 Date Placed in Service Original Basis

Machinery October 25 $ 76,000

Computer equipment February 3 16,000

Delivery truck* March 17 29,000

Furniture April 22 156,000

Total $ 277,000

*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 $360,000.

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)?

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