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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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