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Required information Problem 10-54 (LO 10-2, LO 10-3) (Algo) Convers Corporation (calendar year-end) acquired the following assets during the current tox year: Ognore 579 expense

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Required information Problem 10-54 (LO 10-2, LO 10-3) (Algo) Convers Corporation (calendar year-end) acquired the following assets during the current tox year: Ognore 579 expense and bonus depreciation for this problemy (Use MACRS Tobie. Table and Tablet 5) Date placed in original service Basi Machinery October 25 $ 74,000 Computer equipment February 14,000 Delivery truck March 17 27,000 Forniture April 22 154,000 Total $ 269,000 "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 $340,000 Problem 10-54 Part a (Algo) 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? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) MACRS depreciation 46,238 Required information Problem 10-54 (LO 10-2, LO 10-3) (Algo) Convers Corporation (calendar year-end) acquired the following assets during the current tax year (ignore 5179 expense and bonus depreciation for this problem): (Use MACRS Table 1. Table 2 and Table 5.) Date Placed in original Annet Service nam 1 Machinery October 25 $ 74,000 Computer equipment February 14,000 Delivery truck. March 17 27,000 Turniture April 22 154,000 Total $ 269,000 *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 $340,000. Problem 10-54 Part b (Algo) 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 5179 expense)? $ 274,457 MACRS dopreciation

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