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What is the allowable depreciation on Evergreen property

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Question - Evergreen Corporation (calendar year-end) acquired the following assets during the current year:

Asset

Date Placed in Service

Original Basis

Machinery

October 25

$ 80,000

Computer equipment

February 3

17,500

Used delivery truck*

August 17

30,500

Furniture

April 22

162,500

*The delivery truck is not a luxury automobile.

Required -

a. What is the allowable depreciation on Evergreen's property in the current year, assuming Evergreen does not elect §179 expense and elects out of bonus depreciation?

b. What is the allowable depreciation on Evergreen's property in the current year if Evergreen does not elect out of bonus depreciation?

Reference no: EM133114074

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