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Problem 8-36 (c) (LO. 2) Marlena acquired the following new assets during 2019: Date Asset Cost April 30 August 1 December 30 Computers Automobile (GVW

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Problem 8-36 (c) (LO. 2) Marlena acquired the following new assets during 2019: Date Asset Cost April 30 August 1 December 30 Computers Automobile (GVW rating of over 6,000 pounds) Office furniture $22,000 38,000 100,000 Marlena does not elect additional first-year depreciation for 2019. However, she does elect $ 179 for only the office furniture If required, round your answers to the nearest dollar. Click here to access the depreciation table to use to complete this problem a. What MACRS convention applies to the assets? Half-year b. What class of property is each asset for MACRS? Office furniture, seven-year, automobile, five-year computers, five-year c. The cost recovery for the current year is: 4,400 Computers: 7,600 Automobile: Office furniture

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