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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Abhaliya
![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 Original
Basis
Service
October 25
Machinery
$ 102,000
Computer equipment
February 31
Used delivery truck
August 17
Furniture:
April 22
"The delivery truck is not a luxury automobile.
Asset
Depreciation
34,000
47,000
190,000
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 5179 expense?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd8d87e23-1eee-48dd-a86a-6c9211ad308e%2F41696a5a-656b-441e-be34-4ecf87b574d8%2F63l82bl_processed.jpeg&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.)
Date Placed in Original
Basis
Service
October 25
Machinery
$ 102,000
Computer equipment
February 31
Used delivery truck
August 17
Furniture:
April 22
"The delivery truck is not a luxury automobile.
Asset
Depreciation
34,000
47,000
190,000
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 5179 expense?
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