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  3. convers corporation (calendar-year-end) acquired t

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

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Accounting

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 qualified real property (MACRS,15 year, 150% DB) on May 12 at a cost of
$480,000.
a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 179
expense and elects out of bonus depreciation?
Note: Round your intermediate calculations to the nearest whole dollar amount.
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