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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,

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, Table2,and Table 5.)

Asset Date Placed in Service Original Basis
Machinery October 25 $110,000
Computer Equipment February 3 $50,000
Used delivery Truck* March 17 $63,000
Furniture April 22 $190,000
Total $413,000

*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 $700,000

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? (Round you intermediate calculations to the nearest whole dollar amount)

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