Question
Chaz Corporation has taxable income in 2014 of $396,000 before the 179 expense and acquired the following assets during the year: Asset Placed in Service
Chaz Corporation has taxable income in 2014 of $396,000 before the 179 expense and acquired the following assets during the year:
Asset Placed in Service basis
Office furniture September 12 $1,340,000
Computer equipment February 10 948,000
Delivery truck August 21 74,000
Total $2362000
What is the maximumtotaldepreciation expense that Chaz may deduct in 2014? (UseMACRSTable 1,Table 2,Table 3,Table 4andTable 5.)(Take the 179 deduction only on the Furniture. Round your answer to the nearest whole dollar amount.)
Maximum Total Depreciation expense____?
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