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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

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 Original Asset in Service Basis Machinery 25-Oct $ 120,000 Computer equipment 03-Feb $ 60,000 Used delivery truck* 17-Mar $ 73,000 Furniture 22-Apr $ 200,000 Total $ 453,000 *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 $800,000. a. What is the allowable MACRS depreciation on Converss property in the current year assuming Convers does not elect 179 expense and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)

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