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Convers Corporation (June 30 year-end) acquired the following assets during the current tax year (ignore 179 expense and bonus depreciation for this problem): Asset Date

Convers Corporation (June 30 year-end) acquired the following assets during the current tax year (ignore 179 expense and bonus depreciation for this problem):

Asset Date Placed in Service Original Basis

Machinery April 22 $ 70,000

Computer equipment February 3 10,000

Used delivery truck* March 17 23,000

Furniture October 25 150,000

Total $253,000

*The delivery truck is not a luxury automobile.

What is the allowable MACRS depreciation on Convers's property in the current year?

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