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Evergreen Corporation (calendar year-end) acquired the following assets during the current year: (Use MACRS Table...

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Accounting

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 Original Basis
Machinery October 25 $ 76,000
Computer equipment February 3 14,500
Used delivery truck* August 17 27,500
Furniture April 22 157,500

*The delivery truck is not a luxury automobile.

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 and elects out of 179 expense?

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