1- Chaz Corporation has taxable income in 2017 of $372,000 for purposes of computing the 179 expense and acquired the following assets during the year:

	Placed in
Asset	Service		Basis
Office furniture	September 12	$	1,280,000
Computer equipment	February 10		936,000
Delivery truck	August 21		68,000
Total		$	2,284,000

What is the maximum total depreciation expense that Chaz may deduct in 2017? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

maximum total depreciation expense:

2- Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $127,000. The appraised fair market value of the warehouse was $120,750, and the appraised value of the land was $144,750. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)

What would be Bobs basis in the warehouse and in the land if the appraised value of the warehouse is $88,550, and the appraised value of the land is $176,950?

Warehouse: $

Land: $