Chaz Corporation has taxable income in 2018 of $312,000 for purposes of computing the 179 expense and acquired the following assets during the year:

Asset		Placed in Service	Basis
Office furniture		September 12	$780,000
Computer equipment		February 10	930,000
Delivery truck		August 21	68,000
Qualified improvement property		September 30	1,520,000
Total			$3,298,000

What is the maximum total depreciation that Chaz may deduct in 2018?

Acorn Construction (calendar-year end C-corporation) has had rapid expansion during the last half of the current year due to the housing markets recovery. The company has $5,000,000 of taxable income before the cost recovery deduction and would like to maximize its cost recovery deduction for the current year. Acorn provided the following information:

Assets	Placed in Service	Basis
New Equipment and Tools	August 20	$1,650,000
Used Light Duty Trucks	January 17	1,500,000
Used Machinery	February 6	525,000
Total		$3,675,000

The used assets had been contributed to the business by its owner in a nontaxable transaction. What is Acorns maximum cost recovery expense in the current year?