What is the allowable depreciation on evergreens property

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Problem

Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (Use MACRS Table 1 and Table 2.) Asset Date Placed in Service Original Basis Machinery October 25 $ 86,000 Computer equipment February 3 22,000 Used delivery truck*Footnote asterisk August 17 35,000 Furniture April 22 170,000 *Footnote asteriskThe delivery truck is not a luxury automobile. Get the instant assignment help. Note: Do not round intermediate calculations. 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?

Reference no: EM133906156

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