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) Date Placed in Service October 25 February 3 August 17 April 22 "The delivery truck is not a luxury automobile, Asset Machinery Computer equipment Used delivery truck Furniture Original Basis $80,000 17,500 30,500 162,500 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?
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) Date Placed in Service October 25 February 3 August 17 April 22 "The delivery truck is not a luxury automobile, Asset Machinery Computer equipment Used delivery truck Furniture Original Basis $80,000 17,500 30,500 162,500 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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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)
Date Placed in
Service
October 25
February 3
August 17
April 22
"The delivery truck is not a luxury automobile
Asset
Machinery
Computer equipment
Used delivery truck"
Furniture
Depreciation
Original
Basis
$ 80,000
17,500
30,500
162,500
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd47d6822-1503-41d6-9f5f-cb95661c7d25%2F3494158b-00f8-4360-ae57-51a580ecc609%2F44hug3j_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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)
Date Placed in
Service
October 25
February 3
August 17
April 22
"The delivery truck is not a luxury automobile
Asset
Machinery
Computer equipment
Used delivery truck"
Furniture
Depreciation
Original
Basis
$ 80,000
17,500
30,500
162,500
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?
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