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Chaz Corporation has taxable income in 2020 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 2020 of $312,000 for purposes of computing the $179 expense and acquired the following assets during the year: Placed in Service September 12 February 10 $ Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Basis 780,000 930,000 68,000 August 21 September 30 1,500,000 $ 3, 278,000 What is the maximum total depreciation deduction that Chaz may deduct in 2020? (Use MACRS Table 1, Table 2, Table 3. Table 4 and Table 5.) (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation deduction $ 312,000
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