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 and bonus depreciation for this problem): (Use MACRS Table 1, Table 2, and Table 5.) Date Placed Original Asset in Service Basis Machinery 25-Oct $ 108,000 Computer equipment 03-Feb $ 48,000 Used delivery truck* 17-Mar $ 61,000 Furniture 22-Apr $ 188,000 Total $ 405,000 *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 $680,000. 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)

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 and bonus depreciation for this problem): (Use MACRS Table 1, Table2 and Table 5,) Date Placed Original in Service 25-Oct 03-Feb Asset Basis Machinery Computer equipment Used delivery truck17-Mar Furniture Total s 108,000 s48,000 S 61,000 s188, 000 $ 405, 000 22-Apr 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 $680,000 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