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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): Placed in
Convers Corporation (June 30 year-end) acquired the following assets during the current tax year (ignore 179 expense and bonus depreciation for this problem):
Placed in | Original | ||
Asset | Service Date | Basis | |
Machinery | 21-Oct | $ | 91,500 |
Computer equipment | 29-Jan | 17,100 | |
Used delivery truck* | 8-Mar | 26,000 | |
Furniture | 22-May | 218,000 | |
Total | $ | 352,600 | |
|
*The delivery truck is not a luxury automobile.
What is the allowable MACRS depreciation on Converss property in the current year? (Use MACRS Table 1, Table 2, Table 3, Table 4and Table 5.) (Round your intermediate dollar calculations and final answer to the nearest whole dollar amount.)
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