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CARES Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2020 of $500,000 for purposes of computing the $179 expense and
CARES Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2020 of $500,000 for purposes of computing the $179 expense and acquired the following assets during the year: Assume CARES Act applies. Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Placed in Service September 12 February 10 August 21 September 30 Basis $ 781,000 900,000 50,000 1,501,000 $ 3,232,000 What is the maximum total depreciation deduction that Chaz may deduct in 2020? (Use MACRS Table 1, Table 2. Table 3, Table 4 and Table 5.) (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation deduction
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