Problem 8-36 (LO. 2) Debra acquired the following new assets during 2019: Date Asset Cost April 11 F

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Problem 8-36 (LO. 2) Debra acquired the following new assets during 2019: Date Asset Cost April 11 Furniture $40,000 40,000 July 28 Trucks November 3 Computers 70,000 Debra does not elect immediate expensing under § 179. She does not claim any available additional first-year depreciation. If required, round your answers to the nearest dollar. Click here to access the depreciation tables to use for this problem. a. What MACRS convention applies to the assets? Mid-quarter b. What class of property is each asset for MACRS? Furniture: Seven-year Trucks: Five-year Computers: Five-year c. The cost recovery deductions for the current year is: Furniture: AU Trucks: Computers: Feedback