HOC MyEagle X Mail - halima. X MCC Ch 10 Solution X Question 1 - ( X Course Hero X Homework He X G calculator - G X auRy Round to the X + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%2530%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... Apps www.uscis.gov/sites... & Citizenship Resource.. Study for the Test |... 5 8 www.uscis.gov/sites... axa Wells Fargo - Perso... Manage Credit Car.. >> Other bookmarks Reading list Ch 10 P10-54 Care i Saved Help Save & Exit Submit Check my work Required information Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: Assume CARES Act applies. (ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Table 5.) Part 1 of 2 Date Placed Original Asset in Service Basis Machinery October 25 $ 118,606 Computer equipment February 3 58,000 5 Delivery truck* March 17 71,000 points Furniture April 22 198, 000 Total $ 445,000 eBook Ask *The delivery truck is not a luxury automobile. Print In addition to these assets, Convers installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $780,000. References a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect $179 expense and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.) Mc Graw Hill O 9 6:58 PM Type here to search e O 77 F ~ x061 7/9/2021HOC MyEagle X Mail - halima. X MCC Ch 10 Solution X Question 2 - ( X Course Hero X Homework He X G calculator - G X auRy Round to the X + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-g... Apps www.uscis.gov/sites.. 8 Citizenship Resource.. 8 Study for the Test |... 5 8 www.uscis.gov/sites... Bad Wells Fargo - Perso... > Manage Credit Car.. >> Other bookmarks Reading list Ch 10 P10-54 Care i Saved Help Save & Exit Submit Check my work 2 Required information Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: Assume CARES Act applies. (ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Table 5.) Part 2 of 2 Date Placed Original Asset in Service Basis Machinery October 25 $ 118,000 5 Computer equipment February 3 58, 000 points Delivery truck* March 17 71,006 Furniture April 22 198, 000 Skipped Total $ 445, 000 eBook *The delivery truck is not a luxury automobile. Ask In addition to these assets, Convers installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $780,000. Print References b. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect out of bonus depreciation (but does not take $179 expense)? Mc Graw Hill O 9 6:58 PM Type here to search e O 77 FAD(1) 7/9/2021
