Question: Problem 1 0 - 5 4 ( LO 1 0 - 2 , LO 1 0 - 3 ) ( Algo ) Convers Corporation (
Problem LO LO Algo
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
AssetDate Placed in ServiceOriginal BasisMachineryOctober $ Computer equipment February Delivery truckFootnote asterisk 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 $
Problem Part a Algo
a What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect expense and elects out of bonus depreciation?
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