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bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
48.  Evergreen Corporation (calendar-year-end) acquired the following assets during the current year (ignore §179 expense and bonus depreciation for this problem):
Asset                Placed in Service Date  Original Basis
Machinery |
October 25 |
$ Â 70,000 |
Computer equipment |
February 3 |
10,000 |
Used delivery truck* |
August 17 |
23,000 |
Furniture |
April 22 |
150,000 |
*The delivery truck is not a luxury automobile.
Â
a)  What is the allowable MACRS depreciation on Evergreen’s property in the current year?
b) What is the allowable MACRS depreciation on Evergreen’s property in the current year if the machinery had a basis of $170,000 rather than $70,000?
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