Business, 05.11.2020 18:30 kritalewis
Evergreen Corporation (calendar-year-end) acquired the following assets during the current year:
Asset Date Placed in Service Original Basis
Machinery October 25 $70,000
Computer equipment February 3 10,000
Used delivery truck- August 17 23,000
Furniture April 22 150,000
The delivery truck is not a luxury automobile.
a. What is the allowable MACRS depreciation on Evergreen's property in the current year assuming Evergreen does not elect $179 expense and elects out of bonus depreciation?
b. What would be the allowable MACRS depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation?
Answers: 3
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Evergreen Corporation (calendar-year-end) acquired the following assets during the current year:
As...
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