What is the allowable macrs depreciation on convers property


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 November 27 74,500 Computer Equip March 18 16,500 Used Delivery Truck ** January 8 31,000 Furniture June 12 201,000 **The delivery truck is not a luxury automobile. What is the allowable MACRS depreciation on Convers property in the current year? Round your intermediate calculations and final answer to the nearest dollar amount.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the allowable macrs depreciation on convers property
Reference No:- TGS0713059

Expected delivery within 24 Hours