Chaz Corporation has taxable income in 2016 of $445,000 before the 179 expense and acquired the following
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Question:
Chaz Corporation has taxable income in 2016 of $445,000 before the §179 expense and acquired the following assets during the year:
Placed in | |||
Asset | Service | Basis | |
Office furniture | September 12 | $ | 1,120,000 |
Computer equipment | February 10 | 904,000 | |
Delivery truck | August 21 | 52,000 | |
Total | $ | 2,076,000 | |
What is the maximum total depreciation expense that Chaz may deduct in 2016? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)
Maximum total depreciate expense
Related Book For
Taxation Of Individuals And Business Entities 2016
ISBN: 9781259334870
7th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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