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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 tax year: (ignore $179 expense and

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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 tax year: (ignore $179 expense and bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Table 5.) Asset Machinery Computer equipment Delivery truck* Furniture Total Date Placed in Service October 25 February 3 March 17 April 22 Original Basis $ 108,000 48,000 61,000 188,000 $ 405,000 *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 $680,000. 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 to the nearest whole dollar amount.) MACRS depreciation

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