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Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore $179...

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Accounting

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Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore $179 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 qualfied real property (MACRS. 15 year, 150% DB) on May 12 at a cost of $700,000 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? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Required information Convers Corporation (calendar year-end) acquired the foliowing assets during the current tax year fignore $179 expense and bonus depreciation for this problem) (Use MACRS Table1, 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, 1502 DB) on May 12 at a cost of $700,000 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 9179 expense)

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