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Required information [The following information applies to the questions displayed below.] Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore S179 expense
Required information [The following information applies to the questions displayed below.] Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore S179 expense and bonus depreciation for this problem): (Use MACRS Table 1 and Table 2) Date Placed Original Basis $ 70,000 10,000 in Service Asset Machinery Computer equipment Used delivery truck Furniture October 25 February 3 August 17 April 22 23,000 150,000 The delivery truck is not a luxury automobile. b. What is the allowable MACRS depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation? MACRS depreciation
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