Required information Problem 10-53 (LO 10-2, LO 10-3) (Algo) [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 October 25 February 31 Machinery Computer equipment Used delivery truck Furniture August 17 April 22 "The delivery truck is not a luxury automobile. Depreciation Original Basis $ 84,000 20,500 33,500 167,500 Problem 10-53 Part b (Algo) 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?
Required information Problem 10-53 (LO 10-2, LO 10-3) (Algo) [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 October 25 February 31 Machinery Computer equipment Used delivery truck Furniture August 17 April 22 "The delivery truck is not a luxury automobile. Depreciation Original Basis $ 84,000 20,500 33,500 167,500 Problem 10-53 Part b (Algo) 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
Problem 10-53 (LO 10-2, LO 10-3) (Algo)
[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
October 25
Machinery
Computer equipment
February 3
Used delivery truck
Furniture
August 17
April 22
"The delivery truck is not a luxury automobile.
Original Basis
$ 84,000
20,500
33,500
167,500
Problem 10-53 Part b (Algo)
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?
Depreciation](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb2173bc8-1941-4a17-8e62-798b13fad911%2F5a11c120-2b03-4f90-894e-dcfa7123d63f%2F0rfdke_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information
Problem 10-53 (LO 10-2, LO 10-3) (Algo)
[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
October 25
Machinery
Computer equipment
February 3
Used delivery truck
Furniture
August 17
April 22
"The delivery truck is not a luxury automobile.
Original Basis
$ 84,000
20,500
33,500
167,500
Problem 10-53 Part b (Algo)
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?
Depreciation
![Required Information.
Problem 10-53 (LO 10-2, LO 10-3) (Algo)
[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
Machinery
Computer equipment
Used delivery truck"
Furniture
Oate Placed in
Service
October 25
February 3
Depreciation
August 17
April 22
"The delivery truck is not a luxury automobile
Original Basis
$ 84,000
20,500
33,500
167,500
Problem 10-53 Part a (Algo)
a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense
and elects out of bonus depreciation?
Note: Round your Intermediate calculations to the nearest whole dollar amount.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb2173bc8-1941-4a17-8e62-798b13fad911%2F5a11c120-2b03-4f90-894e-dcfa7123d63f%2Fngqfclr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required Information.
Problem 10-53 (LO 10-2, LO 10-3) (Algo)
[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
Machinery
Computer equipment
Used delivery truck"
Furniture
Oate Placed in
Service
October 25
February 3
Depreciation
August 17
April 22
"The delivery truck is not a luxury automobile
Original Basis
$ 84,000
20,500
33,500
167,500
Problem 10-53 Part a (Algo)
a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense
and elects out of bonus depreciation?
Note: Round your Intermediate calculations to the nearest whole dollar amount.
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