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Chaz Corporation has taxable income in 2014 of $343,000 before the 179 expense and acquired the following assets during the year: Asset Placed in Service

Chaz Corporation has taxable income in 2014 of $343,000 before the 179 expense and acquired the following assets during the year:

Asset Placed in Service Basis
Office furniture September 12 $1,190,000
Computer equipment February 10 918,000
Delivery truck August 21 59,000
Total $2,167,000

What is the maximum total depreciation expense that Chaz may deduct in 2014? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Take the 179 deduction only on the Furniture. Round your answer to the nearest whole dollar amount.)

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TABLE 1 MACRS Half-Year Convention Depreclatlon Rate for Recovery Perlod Year 10-year 15-year 3-year 33.33 44.45 14.81 7.41 5-year 7-year 20-year 20.00 32.00 19.20 11.52 11.52 5.76 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 3.750 7.219 6.677 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 4 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 8 10 12 13 14 15 16 17 18 19 20 21 03333 33333 33333 33333 31 667 767 7 67676 7 7676 03333 33333 33333 33333 31 1 76666 66666 66666 66666 60 03333 33333 33333 33333 31 9-osi 13333 33333 33333 33333 30 13333 33333 33333 33333 30 7% 6676 76767 67676 76767 62 13333 33333 33333 33333 30 7 67 13333 33333 33333 33333 23333 33333 33333 33333 3 23333 33333 33333 33333 96767 07 63 63 63 63 63 63 63 63 63 63 63 63 63 63 63 63 63 57 23333 33333 33333 33333 2 6767 67676 76767 67676 3 33333 33333 33333 33333 2 33333 33333 33333 33333 1 ear 12 012 34567 8901 34567 8 5554 54545 45454 54545 45454 545 03333 33333 33333 33333 33333 331 3333 33333 33333 33333 33333 331 03333 33333 33333 33333 33333 330 03333 33333 33333 33333 33333 330 5554 54545 45454 54545 45454 547 13333 33333 33333 33333 33333 330 13333 33333 33333 33333 33333 330 4 54545 45454 13333 33333 33333 33333 33333 33 13333 33333 33333 33333 33333 32 23333 33333 33333 33333 33333 31 1 33333 33333 33333 33333 33333 31 17890 12345 61892 22222 2289 30 31 2 3 222 22223 33 ABLE 5 Nonresidential Real Property Mid-Month Convention Straight Line-39 Years (for assets placed in service on or after May 13, 1993) Month property placed In service Year 2 6 10 12 2.247% 2.564 0.321 0.749% 2.564 1.819 0.535% 2.564 2.033 0.321% 2.564 2.247 2.461% 2-39 2.564 40 2.033% 2.564 0.535 1.819% 2.564 0.749 1.605% 2.564 0.963 1.391% 2.564 1.177% 2.564 1.391 0.963% 2.564 1.605 0.107% 2.564 2.461 0.107

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