Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1...
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Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2) Asset Machinery Computer equipment Date Placed in Service October 25 Original Basis $ 78,000 February 31 16,000 Used delivery truck August 17 Furniture April 22 29,000 160,000 The delivery truck is not a luxury automobile. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect $179 expense and elects out of bonus depreciation? Depreciation Evergreen Corporation (calendar year-end) acquired the following assets during the current year. (Use MACRS Table 1 and Table 2) Asset Machinery Computer equipment Date Placed in Service October 25 February 3 August 17 Used delivery truck* Furniture April 22 Original Basis $ 78,000 16,000 29,000 160,000 The delivery truck is not a luxury automobile. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of 5179 expense? Depreciation Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: Note: Leave no answer blank. Enter zero if applicable. a. She incurred start-up costs of $4,200. Amount of start-up costs immediately expensed [The following information applies to the questions displayed below.] Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: Note: Leave no answer blank. Enter zero if applicable. b. She incurred start-up costs of $45,500. Amount of start-up costs immediately expensed Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2) Asset Machinery Computer equipment Date Placed in Service October 25 Original Basis $ 78,000 February 31 16,000 Used delivery truck August 17 Furniture April 22 29,000 160,000 The delivery truck is not a luxury automobile. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect $179 expense and elects out of bonus depreciation? Depreciation Evergreen Corporation (calendar year-end) acquired the following assets during the current year. (Use MACRS Table 1 and Table 2) Asset Machinery Computer equipment Date Placed in Service October 25 February 3 August 17 Used delivery truck* Furniture April 22 Original Basis $ 78,000 16,000 29,000 160,000 The delivery truck is not a luxury automobile. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of 5179 expense? Depreciation Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: Note: Leave no answer blank. Enter zero if applicable. a. She incurred start-up costs of $4,200. Amount of start-up costs immediately expensed [The following information applies to the questions displayed below.] Juliette formed a new business to sell sporting goods this year. The business opened its doors to customers on June 1. Determine the amount of start-up costs Juliette can immediately expense (not including the portion of the expenditures that are amortized over 180 months) this year in the following alternative scenarios: Note: Leave no answer blank. Enter zero if applicable. b. She incurred start-up costs of $45,500. Amount of start-up costs immediately expensed
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