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[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
[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 | Date Placed in Service | Original Basis |
---|---|---|
Machinery | October 25 | $ 114,000 |
Computer equipment | February 3 | 43,000 |
Used delivery truck* | August 17 | 56,000 |
Furniture | April 22 | 205,000 |
*The delivery truck is not a luxury automobile.
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