Required information Problem 10-53 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2.) Asset Date Placed in Original Basis Machinery Computer equipment Used delivery truck Furniture Service October 25 $ 98,000 February 3 31,000 August 17 April 22 44,000 185,000 "The delivery truck is not a luxury automobile. Problem 10-53 Part a (Algo) a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense: and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.) Depreciation
Required information Problem 10-53 (LO 10-2, LO 10-3) (Algo) [The following information applies to the questions displayed below.] Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2.) Asset Date Placed in Original Basis Machinery Computer equipment Used delivery truck Furniture Service October 25 $ 98,000 February 3 31,000 August 17 April 22 44,000 185,000 "The delivery truck is not a luxury automobile. Problem 10-53 Part a (Algo) a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense: and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.) Depreciation
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Required information
Problem 10-53 (LO 10-2, LO 10-3) (Algo)
[The following information applies to the questions displayed below.]
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
Original
Basis
$ 98,000
February 3
31,000
August 17
April 22
44,000
185,000
"The delivery truck is not a luxury automobile.
Problem 10-53 Part a (Algo)
a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense
and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
Depreciation](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4e45c618-be3e-4b53-8945-b036612548c9%2Fbdf674e1-ead3-4926-b4ba-86034e9b8964%2Fqy3iq52d_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
Problem 10-53 (LO 10-2, LO 10-3) (Algo)
[The following information applies to the questions displayed below.]
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
Original
Basis
$ 98,000
February 3
31,000
August 17
April 22
44,000
185,000
"The delivery truck is not a luxury automobile.
Problem 10-53 Part a (Algo)
a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense
and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
Depreciation
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