Question
Chaz Corporation has taxable income in 2019 of $312,000 for purposes of computing the 179 expense and acquired the following assets during the year: Placed
Chaz Corporation has taxable income in 2019 of $312,000 for purposes of computing the 179 expense and acquired the following assets during the year:
Placed in Asset 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 1,500,000 Total $ 3,278,000
What is the maximumtotal depreciationdeduction that Chaz may deduct in 2019?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
