2 points Book Print References Problem 10-54 (LO 10-2, LO 10-3) (Static) 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) Machinery Asset Computer equipment Delivery truck Furniture Total Date Placed in Service October 25 February 3 March 17 Original Basis $ 70,000 10,000 23,000 150,000 April 22 5 253,000 "The delivery truck is not a luxury automobile. In addition to these assets, Convers installed qualified real property (MACRS, 15 year, 150% DB) on May 12 at a cost of $300,000. Mc Problem 10-54 Part a (Static) e. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 5179 expense and elects out of bonus depreciation? MACRS depreciation D S 31.000 < Prev 2 of 25 Next >>