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Charlie is opening his own pizza business. On April 4, of the current year Charlie bought a building for $150,000 ($120,000 for the building and

Charlie is opening his own pizza business. On April 4, of the current year Charlie bought a building for $150,000 ($120,000 for the building and $30,000 for theland).Charlieconvertedthee buildingto a restaurant/take- out pizza place. Charlie paid for the following items in April to convert the building:

Remodeling costs $15,000

New flooring $8,000

Monthly cleaning $300

In April Charlie also purchased new kitchen equipment for $12,000 and new office equipment for $8,000. Charlie then purchased dining room tables and chairs for $3,000.

In June Charlie began delivering pizzas and purchased a delivery truck for $45,000.In addition he paid $1,000 to have it painted with his business logo and spent $2,000 to have it customized to hold pizzas; keeping them warm during delivery. Charlie parks the truck at home each night to keep it safe. From June to December he used the truck 90% for business and 10% personal use.Assume the delivery truck is not a luxury auto.

What is the maximum amount of depreciation Charlie can deduct on Schedule C if he does not want to use Section 179 expense or bonus depreciation? Show all your work for each depreciable item and then the total amount.Round all your answers.

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