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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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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 Machinery Computer equipment February 3 Used delivery truck Furniture August 17 April 22 "The delivery truck is not a luxury automobile. 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 5179 expense? Depreciation
Transcribed Image Text: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 Machinery Computer equipment February 3 Used delivery truck Furniture August 17 April 22 "The delivery truck is not a luxury automobile. 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 5179 expense? Depreciation
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 Machinery Computer equipment Used delivery truck" Furniture Oate Placed in Service October 25 February 3 Depreciation August 17 April 22 "The delivery truck is not a luxury automobile Original Basis $ 84,000 20,500 33,500 167,500 Problem 10-53 Part a (Algo) a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense and elects out of bonus depreciation? Note: Round your Intermediate calculations to the nearest whole dollar amount.
Transcribed Image Text: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 Machinery Computer equipment Used delivery truck" Furniture Oate Placed in Service October 25 February 3 Depreciation August 17 April 22 "The delivery truck is not a luxury automobile Original Basis $ 84,000 20,500 33,500 167,500 Problem 10-53 Part a (Algo) a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect 5179 expense and elects out of bonus depreciation? Note: Round your Intermediate calculations to the nearest whole dollar amount.
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