Question
Chaz Corporation has taxable income in 2016 of $396,000 before the 179 expense and acquired the following assets during the year: Placed in Asset Service
Chaz Corporation has taxable income in 2016 of $396,000 before the 179 expense and acquired the following assets during the year:
Placed in Asset Service Basis Office furniture September 12 $1,340,000
Computer equipment February 10 $948,000
Delivery truck August 21 $74,000
Total $ 2,362,000
What is the maximum total depreciation expense that Chaz may deduct in 2016?
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Auditing Your Human Resources Department A Step By Step Guide
Authors: John H. McConnell
1st Edition
0814474675, 978-0814474679
