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Chaz Corporation has taxable income in 2019 of $364,000 for purposes of computing the 179 expense and acquired the following assets during the year: Asset
Chaz Corporation has taxable income in 2019 of $364,000 for purposes of computing the 179 expense and acquired the following assets during the year:
Asset | Placed in Service | Basis |
Office Furniture | September 12 | $701,000 |
Computer Equipment | February 10 | $932,000 |
Delivery Truck | August 21 | $66,000 |
Qualified improvement | September 30 | $1,533,000 |
Total | $3,232,000 |
What is the maximum total depreciation deduction that Chaz may deduct in 2019? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)
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