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Required information The following information applies to the questions displayed below.] Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MA Table 2.) Asset Machinery Computer equipment Used delivery truck Furniture: Date Placed in Service October 25 February 31 August 17 April 22 Original Basis $ 98,000 31,000 44,000 185,000

Required information The following information applies to the questions displayed below.] Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MA Table 2.) Asset Machinery Computer equipment Used delivery truck Furniture: Date Placed in Service October 25 February 31 August 17 April 22 Original Basis $ 98,000 31,000 44,000 185,000

SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 5BCRQ
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Homework Required information (The following information applies to the questions displayed below.) Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2) Date Placed in Service October 25 February 3 Machinery Computer equipment Used delivery truck. Furniture August 17 April 22 *The delivery truck is not a luxury automobile. Asset Original Basis $ 98,000 MACRS depreciation 31,000 44,000 185,000 b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation?
Transcribed Image Text:Homework Required information (The following information applies to the questions displayed below.) Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2) Date Placed in Service October 25 February 3 Machinery Computer equipment Used delivery truck. Furniture August 17 April 22 *The delivery truck is not a luxury automobile. Asset Original Basis $ 98,000 MACRS depreciation 31,000 44,000 185,000 b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation?
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