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Required information Problem 10-53 (LO 10-2, LO 10-3) (Static) [The following information applies to the questions displayed below.] Evergreen Corporation (calendar year-end) acquired the
Required information Problem 10-53 (LO 10-2, LO 10-3) (Static) [The following information applies to the questions displayed below.] Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2.) Asset Machinery Original Basis Date Placed in Service October 25 $ 70,000 February 3 10,000 August 17 23,000 April 22 150,000 Computer equipment Used delivery truck* Furniture *The delivery truck is not a luxury automobile. Problem 10-53 Part b (Static) b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation? Depreciation $ 38,038
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