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?
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