Evergreen Corporation (calendar-year-end) acquired the following assets during the current year: (ignore §179 expense and bonus depreciation for this problem): (Use MACRS Table 1 and Table 2.)
2018 Date Placed Original Asset in Service Basis Machinery October 25 $ 102,000 Computer equipment February 3 34,000 Used delivery truck* August 17 47,000 Furniture April 22 190,000
*The delivery truck is not a luxury automobile
a. What is the allowable MACRS depreciation on Evergreen’s property in the current year assuming Evergreen does not elect §179 expense and elects out of bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
b. What would be the allowable MACRS depreciation on Evergreen’s property in the current year if Evergreen does not elect out of bonus depreciation?