b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of $179 expense?
b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of $179 expense?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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](#).)
| 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.
### Question:
**b.** What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of §179 expense?
**Depreciation:** [ ]](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4c8d4003-6dbe-4a96-8cef-3ca09402ad71%2F0634317b-cd2c-4285-8b04-755b4747660e%2Flpvp6vd_processed.png&w=3840&q=75)
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](#).)
| 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.
### Question:
**b.** What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation and elects out of §179 expense?
**Depreciation:** [ ]
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