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Chaz Corporation has taxable income in 2014 of $356,000 before the 179 expense and acquired the following assets during the year: Asset Placed in Service
Chaz Corporation has taxable income in 2014 of $356,000 before the 179 expense and acquired the following assets during the year: |
Asset | Placed in Service | Basis |
Office furniture | September 12 | $1,240,000 |
Computer equipment | February 10 | 928,000 |
Delivery truck | August 21 | 64,000 |
Total | $2,232,000 | |
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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