FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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N12.

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Required information
[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
$ 116,000
44,500
57,500
207,500
a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect §179 expense
and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
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Transcribed Image Text:! Required information [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 $ 116,000 44,500 57,500 207,500 a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect §179 expense and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
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