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Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2.) Asset Date Placed in Service Original

Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2.)

Asset Date Placed in Service Original Basis
Machinery October 25 $ 92,000
Computer equipment February 3 26,500
Used delivery truck* August 17 39,500
Furniture April 22 177,500

*The delivery truck is not a luxury automobile.

Problem 10-53 Part b (Algo)

b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation?

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