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PLEASE ANSWER BOTH PARTS Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (Ignore $179 expense and bonus depreciation for this problem):

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PLEASE ANSWER BOTH PARTS

Convers Corporation (calendar-year-end) acquired the following assets during the current tax year: (Ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1. Table Zand Table 5.) Asset Machinery Computer equipment Delivery truck Furniture Total Date Placed in Service October 25 February 3 March 17 April 22 Original Basis $ 79,00 10,eee 23,80 15e,eee $ 253, eee *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 $300,000. Problem 10-54 Part a (Static) 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? MACRS depreciation $ 449,198 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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