Required information 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 in Original Asset Service Basis Machinery October 25 $ 70,000 Computer equipment February 3 10,000 Delivery truck* March 17 23,000 Furniture April 22 150,000 Total $ 253,000 *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 $300,000. 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? X Answer is complete but not entirely correct. MACRS depreciation $ 257,815 X