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Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore 179 expense and bonus depreciation for this problem) b. What would be the
Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore 179 expense and bonus depreciation for this problem)
b. What would be the allowable MACRS depreciation on Evergreens property in the current year if Evergreen does not elect out of bonus depreciation?
Required information Problem 10-53 (LO 10-2; LO 10-3) [The following information applies to the questions displayed below.] Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore 179 expense lignon ACRS lable l and and bonus depreciation for this problem): (Use MACRS Table 1 and Table 2.) Date Placed in Service Original Basis Asset Machinery Computer equipment Used delivery truck Furniture October 25 $ 7e,e00 February 3 August 17 April 22 10,800 23,000 15e,e0e The delivery truck is not a luxury automobile Problem 10-53 Part b b. What would be the allowable MACRS depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation? MACRS depreciation $ 36,344Step by Step Solution
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