Check my work Required information Problem 10-54 (LO 10-2, LO 10-3) (Algo) Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (gnore S179 expense and...


Check my work<br>Required information<br>Problem 10-54 (LO 10-2, LO 10-3) (Algo)<br>Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (gnore S179 expense<br>and bonus depreciation for this problem): (Use MACRS Table Table 2 and Iable 5)<br>Date Placed n original<br>Anset<br>Service<br>Basis<br>Hachinery<br>Computer equipnent<br>Delivery truck<br>Turniture<br>Oetober 25<br>Februard<br>March 17<br>April 22<br>$ 90, 000<br>30,000<br>43,000<br>170,000<br>$ 333,000<br>Total<br>

Extracted text: Check my work Required information Problem 10-54 (LO 10-2, LO 10-3) (Algo) Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (gnore S179 expense and bonus depreciation for this problem): (Use MACRS Table Table 2 and Iable 5) Date Placed n original Anset Service Basis Hachinery Computer equipnent Delivery truck Turniture Oetober 25 Februard March 17 April 22 $ 90, 000 30,000 43,000 170,000 $ 333,000 Total "The delivery truck is not a luxury automobile. In addition to these assets, Convers installed new flooring (qualified improvement property) to its office building on May 12 at a cost of $500,000. 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 5179 expense and elects out of bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) MACRS depreciation

Jun 01, 2022
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