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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 Placed
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 | Placed in Service Date | Original Basis | |
Machinery | November 14 | $ | 116,500 |
Computer equipment | February 16 | 10,600 | |
Used delivery truck* | February 11 | 40,250 | |
Furniture | June 11 | 222,000 | |
Total | $ | 389,350 |
*The delivery truck is not a luxury automobile. |
What is the allowable MACRS depreciation on Convers property in the current year? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your intermediate dollar calculations and final answer to the nearest whole dollar amount.) 1) MACRS Depreciation?_____________ |
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