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	$ 120,000
Computer equipment	February 3	60,000
Delivery truck*	March 17	73,000
Furniture	April 22	200,000
Total		$ 453,000

*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 $800,000.

Problem 10-54 Part a (Algo)

a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 179 expense and elects out of bonus depreciation?