Required information Convers Corporation (calendar-year-end) acquired the following assets during the current tax ye applies. (ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1. Tab Asset Machinery Computer equipment Delivery truck Furniture Date Placed in Service October 25 February 3 March 17 April 22 Original Basis $ 80,000 20,000 33,000 160,000 $ 293,000 Total *The delivery truck is not a luxury automobile. In addition to these assets, Convers installed new flooring (qualified improvement property) to its office be at a cost of $400.000 Convers's property in the current year assuming Convers does not a The nearest whole do In addition to these assets, Convers installed new flooring (qualified improvement property) to its office bu at a cost of $400,000. Nhat is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not e 79 expense and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dol MACRS depreciation $ 1020.000 ciation on Convers's property in the current year assuming Convers does not elect depreciation? (Round your intermediate calculations to the nearest whole dollar a $ 1.020 000 information Corporation (calendar-year-end) acquired the following assets durir gnore $179 expense and bonus depreciation for this problem): (Use Date Placed in Service October 25 February 3 March 17 April 22 cer equipment ery truck Original Basis $ 80,000 20,000 38,000 160,000 293, 200 delivery truck is not a luxury automobile. cition to these assets, Convers installed new flooring qualified improvement pro cost of $400.000 pr. 22 160,000 $ 293,000 elivery truck is not a luxury automobile. tion to these assets, Convers installed new flooring (qualified improvement prop st of $400,000. ne allowable MACRS depreciation on Convers's property in the current vear assuming se and elects out of bonus depreciation? (Round your intermediate calculations to the $ 1,020.000 the allowable MACRS depreciation on Convers's property in the cur ense and elects out of bonus depreciation Round your intermediate $ 1.020.000 3 depreciation -year-end) acquired the following assets during the current tax year: Assume CARES A and bonus depreciation for this problem): (Use MACRS Table 1. Table 2 and Table 5.) Dete placed in Service October 25 February 3 March 17 Original Basis $ 80,000 20,000 33,000 160,000 $ 293,000 howy automobile. Converse installed new flooring (qualified improvement property) to its offi red information ers Corporation (calendar-year-end) acquired the following assets during the current tax year: Assur es. (ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Asset chinery mputer equipment livery truck urniture otal Date Placed in Service October 25 February 3 March 17 April 22 Original Basis 80,000 20,000 33,000 160,000 $ 293,000 he delivery truck is not a luxury automobile. addition to these assets, Convers installed new flooring (qualified improvement property) to its office building a cost of $400,000. 293,000 ry truck is not a luxury automobile. to these assets, Convers installed new flooring (qualified improvement property to its office building $400.000. wable MACRS depreciation on Convers's property in the current year assuming Converse does not take $179 expense)? at a luxury automobile sets Convers installed new flooring (qualified improvement property) to its office building on May peration on Convers's property in the current year assuming Convers does not elect out of bonu 579 expense? at a cost of $400,000. b. What is the allowable MACRS depreciation on Convers's property in the cur depreciation (but does not take $179 expense)? MACRS depreciation