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 Service October 25 February 3 August 17 April 22 *The delivery truck is not a luxury automobile. Asset Machinery Computer equipment Used delivery truck* Furniture Depreciation Original Basis $ 106,000 37,000 50,000 195,000 a. 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? Note: Round your intermediate calculations to the nearest whole dollar amount.
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 Service October 25 February 3 August 17 April 22 *The delivery truck is not a luxury automobile. Asset Machinery Computer equipment Used delivery truck* Furniture Depreciation Original Basis $ 106,000 37,000 50,000 195,000 a. 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? Note: Round your intermediate calculations to the nearest whole dollar amount.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please dont provide solution image based answers thank you
![b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus
depreciation?
MACRS depreciation](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e7e28c1-69d4-49b4-b9aa-1cea418d6701%2F69704e95-775e-42ae-a398-5dcb7ca38a23%2Fm0c5icj_processed.png&w=3840&q=75)
Transcribed Image Text:b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus
depreciation?
MACRS depreciation
![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
Machinery
Computer equipment
Used delivery truck*
Furniture
Date Placed in
Service
October 25
February 3
August 17
April 22
*The delivery truck is not a luxury automobile.
Depreciation
Original
Basis
$ 106,000
37,000
50,000
195,000
a. 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?
Note: Round your intermediate calculations to the nearest whole dollar amount.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e7e28c1-69d4-49b4-b9aa-1cea418d6701%2F69704e95-775e-42ae-a398-5dcb7ca38a23%2Fpojokqp_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
Machinery
Computer equipment
Used delivery truck*
Furniture
Date Placed in
Service
October 25
February 3
August 17
April 22
*The delivery truck is not a luxury automobile.
Depreciation
Original
Basis
$ 106,000
37,000
50,000
195,000
a. 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?
Note: Round your intermediate calculations to the nearest whole dollar amount.
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