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Chaz Corporation has taxable income in 2016 of $445,000 before the 179 expense and acquired the following assets during the year: Placed in Asset Service

Chaz Corporation has taxable income in 2016 of $445,000 before the §179 expense and acquired the following assets during the year:



Placed in

AssetService
Basis
Office furnitureSeptember 12$1,120,000
Computer equipmentFebruary 10
904,000
Delivery truckAugust 21
52,000
Total
$2,076,000


What is the maximum total depreciation expense that Chaz may deduct in 2016? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

Maximum total depreciate expense

    

TABLE 1 MACRS Half-Year Convention Year 123456NSOINS NEKDE92N 7 8 10 11 14 15 16 17 18 19 20 21 3-year 33.33 44.45 14.81 7.41 Depreciation Rate for Recovery Period 7-year 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5-year 20.00 32.00 19.20 11.52 11.52 5.76 10-year 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 15-year 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 20-year 3.750 7.219 6.677 6.177 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

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