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Convers Corporation (calendar year-end) acquired the following assets during the current tax year (ignore 5179 expense and bonus depreciation for this problem): (Use MACRS Table

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Convers Corporation (calendar year-end) acquired the following assets during the current tax year (ignore 5179 expense and bonus depreciation for this problem): (Use MACRS Table 1. Table 2 and Table 5.) Date Placed in Original As wat Service Basis Machinery October 25 $ 108,000 Computer equipment February 3 48,000 Delivery truck March 17 61,000 Purniture April 22 188,000 Total $ 405,000 *The delivery truck is not a luxury automobile. In addition to these assets, Convers Installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $680,000 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 5179 expense)? MACRS depreciation

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