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I have no idea how to do this 13 Required information Problem 10-54 (LO 10-2, LO 10-3) Convers Corporation (calendar-year-end) acquired the following assets during

I have no idea how to do this

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13 Required information Problem 10-54 (LO 10-2, LO 10-3) Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (ignore 179 expense Part 1 of 2 and bonus depreciation for this problem): (Use MACRS Table 1, Table2,and Table 5) 0.44 points Date Placed in Service 25-Oct 03-Feb 17-Mar 22-Apr Original Basis $112,000 $ 52,000 $ 65,000 $192,000 $421,000 Asset Machinery Computer equipment Used delivery truck* Furniture eBook Total Print The delivery truck is not a luxury automobile In addition to these assets, Convers installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $720,000. Problem 10-54 Part a 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.) RS Required information Problem 10-54 (LO 10-2, LO 10-3) Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (ignore 5179 expense Part 2 of2 and bonus depreciation for this problem): (Use MACRS Table 1, Table2,and Table 5.) 0.44 points Date Placed Original in Service 25-oct 03-Feb 17-Mar 22-Apr Basis $ 112,000 $ 52,000 $ 65,000 192,000 $421,000 Asset Machinery Computer equipment Used delivery truck* Furniture eBook Total Print The delivery truck is not a luxury automobile In addition to these assets, Convers installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $720,000 Problem 10-54 Part b 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) MACRS depreciation

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