Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and
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Question:
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 | $ 82,000 |
| Computer equipment | February 3 | 19,000 |
| Used delivery truck*Footnote asterisk | August 17 | 32,000 |
| Furniture | April 22 | 165,000 |
*Footnote asteriskThe delivery truck is not a luxury automobile.
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 179 expense and elects out of bonus depreciation?
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