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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 $ 114,000 Computer equipment February 3 43,000 Used delivery truck* August 17 56,000 Furniture April 22 205,000 *The delivery truck is not a luxury automobile. Problem 02-53 Part b (Algo) b. What is the allowable depreciation on Evergreens property in the current year if Evergreen does not elect out of bonus depreciation?
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