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Required information Convers Corporation ( calendar year - end ) acquired the following assets during the current tax year: ( ignore $ 1 7 9
Required information
Convers Corporation calendar yearend acquired the following assets during the current tax year: ignore $ expense
and bonus depreciation for this problem: Use MACRS Table Table and Table
The delivery truck is not a luxury automobile.
In addition to these assets, Convers installed qualified real property MACRS year, DB on May at a cost of
$
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 $ expense
Note: Round your intermediate calculations to the nearest whole dollar amount.
MACRS depreciation
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