Question: Problem 1 0 - 5 4 ( LO 1 0 - 2 , LO 1 0 - 3 ) ( Algo ) Convers Corporation (

Problem 10-54(LO 10-2, LO 10-3)(Algo)
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.)
AssetDate Placed in ServiceOriginal BasisMachineryOctober 25$ 120,000 Computer equipment February 360,000 Delivery truck*Footnote asterisk March 1773,000 Furniture April 22200,000 Total$ 453,000
*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 $800,000.
Problem 10-54 Part a (Algo)
a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 179 expense and elects out of bonus depreciation?

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