Question: Rotato question 07 Part 2012 1 point Required information Convers Corporation calendar year-end) acquired the following assets during the current tax year: ignore 5179 expense

 Rotato question 07 Part 2012 1 point Required information Convers Corporation

Rotato question 07 Part 2012 1 point Required information Convers Corporation calendar year-end) acquired the following assets during the current tax year: ignore 5179 expense and bonus depreciation for this problem (Use MACRS Table 1. Table and Table 5) Date Poed is Original Mass Service BAL Machinery October 25 $70,000 Computer equipment February Delivery truck Marek 12 23.000 Furniture April 22 150,000 Total 5 253,000 "The delivery truck is not a luxury automobile In addition to these assets, Conversinstalled new flooring qualified improvement property to its office building on May 12 at a cost of $300,000 10,000 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 5179 expense? Answer is complete but not entirely correct. MACRS depreciation 257815

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