Question
Chaz Corporation has taxable income in 2019 of $368,000 for purposes of computing the 179 expense and acquired the following assets during the year: Placed
Chaz Corporation has taxable income in 2019 of $368,000 for purposes of computing the 179 expense and acquired the following assets during the year:
| Placed in | |||
| Asset | Service | Basis | |
| Office furniture | September 12 | $ | 691,000 |
| Computer equipment | February 10 | 934,000 | |
| Delivery truck | August 21 | 67,000 | |
| Qualified improvement property | September 30 | 1,535,000 | |
| Total | $ | 3,227,000 | |
|
| |||
What is the maximum total depreciation deduction that Chaz may deduct in 2019?
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Essentials Of Federal Taxation 2019
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
10th Edition
1260189988, 1260189678, 9781260189674, 978-1259917103, 125991710X, 978-1260190045
