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 $ 70,000 Computer equipment February 3 10,000 Used delivery truck August 17 23,000 Furniture April 22 150...

a To calculate the allowable depreciation on Evergreen Corporations property in the current year assuming they do not elect Section 179 expense and el ...

Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and

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Question:

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	$ 70,000
Computer equipment	February 3	10,000
Used delivery truck*	August 17	23,000
Furniture	April 22	150,000

*The delivery truck is not a luxury automobile.

Table 1:

Table 2:

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?

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 179 expense?