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! Required information Convers Corporation (calendar year-end) acquired the following assets during ...

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Accounting

!
Required information
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 $300,000.
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 179 expense)?
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