Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore §179 expense and bonus depreciation...

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Finance

Evergreen Corporation (calendar-year-end) acquired the followingassets during the current year: (ignore §179 expense and bonusdepreciation for this problem): (Use MACRS Table 1 and Table2.)

2018

DatePlacedOriginal
AssetinServiceBasis
MachineryOctober 25$102,000
Computer equipmentFebruary 334,000
Used delivery truck*August 1747,000
FurnitureApril 22190,000

*The delivery truck is not a luxury automobile

a. What is the allowable MACRS depreciation onEvergreen’s property in the current year assuming Evergreen doesnot elect §179 expense and elects out of bonus depreciation?(Round your intermediate calculations to the nearest wholedollar amount.)

b. What would be the allowable MACRSdepreciation on Evergreen’s property in the current year ifEvergreen does not elect out of bonus depreciation?


    

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Evergreen Corporation (calendar-year-end) acquired the followingassets during the current year: (ignore §179 expense and bonusdepreciation for this problem): (Use MACRS Table 1 and Table2.)2018DatePlacedOriginalAssetinServiceBasisMachineryOctober 25$102,000Computer equipmentFebruary 334,000Used delivery truck*August 1747,000FurnitureApril 22190,000*The delivery truck is not a luxury automobilea. What is the allowable MACRS depreciation onEvergreen’s property in the current year assuming Evergreen doesnot elect §179 expense and elects out of bonus depreciation?(Round your intermediate calculations to the nearest wholedollar amount.)b. What would be the allowable MACRSdepreciation on Evergreen’s property in the current year ifEvergreen does not elect out of bonus depreciation?    

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