Subject: accounting Required informationProblem 10-54 (LO 10-2, LO 10-3) (Algo)Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore §179 expenseand bonus depreciation for this problem): (Use MACRS Table 1, Table 2 and Table 5.)AssetMachineryComputer equipmentDelivery truck*FurnitureTotalDate Placed inServiceOctober 25February 3MACRS depreciationMarch 17April 22OriginalBasis$ 94,00034,00047,000174,000$ 349,000*The delivery truck is not a luxury automobile.In addition to these assets, Convers installed qualified real property (MACRS, 15 year, 150% DB) on May 12 at a cost of$540,000.Problem 10-54 Part a (Algo)a. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect §179expense and elects out of bonus depreciation?Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 10-54 Part b (Algo)b. What is the allowable MACRS depreciation on Convers's property in the current year assuming Convers does not elect out of bonusdepreciation (but does not take §179 expense)?MACRS depreciation

Name: Subject: accounting Required informationProblem 10-54 (LO 10-2, LO 10-
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Subject: accounting Required informationProblem 10-54 (LO 10-2, LO 10-3) (Algo)Convers Corporation (calendar year-end) acquired the following assets during the current tax year: (ignore §179 expenseand bonus depreciation for this problem): (Use MACRS