! Required information [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.) Date Placed in Original Asset Service Basis Machinery October 25 $ 118,000 Computer equipment February 3 46,000 Used delivery truck* August 17 59,000 Furniture April 22 210,000 *The delivery truck is not a luxury automobile. b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation? Depreciation Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 33.33% 20.00% 14.29% 10.00% 5.00% 20-Year 3.750% Year 1 Year 2 44.45 32.00 24.49 18.00 9.50 7.219 Year 3 14.81 19.20 17.49 8.55 6.677 14.40 11.52 Year 4 7.41 11.52 12.49 7.70 6.177 Year 5 11.52 8.93 9.22 6.93 5.713 Year 6 5.76 7.37 6.23 5.285 8.92 8.93 6.55 5.90 4.888 4.522 4.46 6.55 5.90 Year 7 Year 8 Year 9 Year 10 Year 11 6.56 5.91 6.55 5.90 4.462 4.461 4.462 3.28 5.91 Year 12 5.90 5.91 Year 13 Year 14 Year 15 5.90 4.461 4.462 4.461 4.462 4.461 Year 16 5.91 2.95 Year 17 Year 18 Year 19 Year 20 Year 21 4.462 4.461 4.462 4.461 2.231