Question: Please Help! I got the answer $ 2 5 3 , 0 2 3 and it was wrong. Im not sure where I am going
Please Help! I got the answer $ and it was wrong. Im not sure where I am going wrong.
Convers Corporation calendaryearend acquired the following assets during the current tax year: ignore expense and bonus depreciation for this problem: Use MACRS Table Table and Table
Asset Date Placed in Service Original Basis
Machinery October $
Computer equipment February $
Delivery truck March $
Furniture April $
Total$
The delivery truck is not a luxury automobile.
In addition to these assets, Convers installed qualified real property MACRS year, DB on May at a cost of $
b What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect out of bonus depreciation but does not take $ expense
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