Convers Corporation (June 30 year-end) acquired the following assets during the current tax year (ignore §179 expense and bonus depreciation for this problem):
Asset Placed in
Service Date Original
Basis
Machinery December 27 $ 110,500
Computer equipment February 11 11,100
Used delivery truck* March 18 45,000
Furniture May 19 176,000
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Total $ 342,600
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*The delivery truck is not a luxury automobile.
What is the allowable MACRS depreciation on Convers’ property in the current year? (Round your answer to the nearest dollar. Omit the “$” sign in your response.)
MACRS depreciation$
Answer will be sent by email as attachment.
