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.)

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)?

Problem 10-54 (LO 10-2, LO 10-3) (Static) 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.) '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 $300,000. Problem 10-54 Part b (Static) 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)