Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: Assume CARES Act applies. (ignore 179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Table 5.)

	Date Placed		Original
Asset	in Service		Basis
Machinery	October 25	$	94,000
Computer equipment	February 3		34,000
Delivery truck*	March 17		47,000
Furniture	April 22		174,000
Total		$	349,000

*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 $540,000.

rev: 10_14_2020_QC_CS-231569

CARES Problem 10-54 Part a (Algo)

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