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Convers Corporation (calendar-year-end) acquired and placed in service the following assets during the current tax year: Machinery: original basis = $84,000; placed in service on

Convers Corporation (calendar-year-end) acquired and placed in service the following assets during the current tax year:

  1. Machinery: original basis = $84,000; placed in service on October 25
  2. Computer equipment: original basis = $24,000; placed in service on February 3
  3. Used delivery truck*: original basis = $37,000; placed in service on March 17
  4. Furniture: original basis = $164,000; placed in service on April 22

*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 of this year at a cost of $440,000. Under 2018 tax reform, qualified improvement property was not eligible for 100% bonus depreciation.

What is the allowable MACRS depreciation on Convers's property in the current year (2020) assuming Convers does not elect out of bonus depreciation (but does not take 179 expense)? Apply the tax law as amended by the CARES Act.

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