McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick

Exercise 36

Evergreen Corporation (calendar year end) acquired the following assets during the current year (ignore §179 expense and bonus depreciation for this problem):
*The delivery truck is not a luxury automobile.
What is the allowable MACRS depreciation on Evergreen's property in the current year What is the allowable MACRS depreciation on Evergreen's property in the current year if the machinery had a basis of $170,000 rather than $70,000