Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2) Machinery Asset Computer equipment Used delivery truck Furniture Date Placed in Service October 25 February 3 August 17 April 22 "The delivery truck is not a luxury automobile. Original Basis $ 100,000 32,500 45,500 187,500 Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Problem 10-53 Part b (Algo) b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of $179 expense? Depreciation
Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2) Machinery Asset Computer equipment Used delivery truck Furniture Date Placed in Service October 25 February 3 August 17 April 22 "The delivery truck is not a luxury automobile. Original Basis $ 100,000 32,500 45,500 187,500 Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount. Problem 10-53 Part b (Algo) b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of $179 expense? Depreciation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and
Table 2.)
Asset
Machinery
Computer equipment
Used delivery truck
Furniture
Date Placed in
Service
October 25
Original
Basis
$ 100,000
February 3
32,500
August 17
April 22
45,500
187,500
*The delivery truck is not a luxury automobile.
Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
Problem 10-53 Part b (Algo)
b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation
and elects out of $179 expense?
Depreciation
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