Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore 5179...
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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 2, and Table 5.) -The delivery truck is not a luxury automobile. In addition to these assets, Convers installed qualified real property (MACRS, 15 year, 150\% D8) on May 12 at a cost of $720,000. . What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect out of bonus jepreciation (but does not take $179 expense)? Note: Round your intermediate calculations to the nearest whole dollar amount
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