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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 | November 17 | $ | 101,000 |
Computer equipment | February 22 | 16,100 | |
Used delivery truck* | February 17 | 28,000 | |
Furniture | May 20 | 232,000 | |
Total | $ | 377,100 | |
|
*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.)
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