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 October 25 February 3 Machinery Computer equipment August 17 Used delivery truckw Furniture. April 22 "The delivery truck is not a luxury automobile. Original Basis $ 84,000 Depreciation 20,500 33,500 167,500 a. What is the allowable depreciation on Evergreen's and elects out of bonus depreciation? Note: Round your intermediate calculations to the nearest whole dollar amount. perty in the current year, assuming Evergreen does not elect $179 expense
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 October 25 February 3 Machinery Computer equipment August 17 Used delivery truckw Furniture. April 22 "The delivery truck is not a luxury automobile. Original Basis $ 84,000 Depreciation 20,500 33,500 167,500 a. What is the allowable depreciation on Evergreen's and elects out of bonus depreciation? Note: Round your intermediate calculations to the nearest whole dollar amount. perty in the current year, assuming Evergreen does not elect $179 expense
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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