Required information [The following information applies to the questions displayed below.] Evergreen Corporation (calendar-year-end) acquired the...

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Required information [The following information applies to the questions displayed below.] Evergreen Corporation (calendar-ye

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Answer 1

Answer #1

ANSWER:

MACRS depreciation = $38,038

B.
Asset	Date placed in service	Original basis	Rate	Depreciation
Computer Equipment (5 Year)	Feb-03	10000	20%	2000
Furniture (7 Year)	Apr-22	150000	14.29%	21435
Used Delivery Truck (5 Year)	Aug-17	23000	20%	4600
Machinery (7 Year)	Oct-25	70000	14.29%	10,003
		253,000		38,036

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