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 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\% DB) on May 12 at a cost of $760,000 What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect 5179 xpense and elects out of bonus depreciation? lote: Round your intermediate calculations and final answer to the nearest whole dollar amount
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