Question
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
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 | 1,490,000 | |
| Total |
|
| $3,268,000 |
What is the maximum total depreciation that Chaz may deduct in 2018?
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The Audit Process Principles Practice And Cases
Authors: Iain Gray, Stuart Manson
5th Edition
1408030497, 9781408030493
