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Chaz Corporation has taxable income in 2021 of $314,800 for purposes of computing the 179 expense and acquired the following assets during the year: Asset
Chaz Corporation has taxable income in 2021 of $314,800 for purposes of computing the 179 expense and acquired the following assets during the year:
Asset | Placed in Service | Basis |
---|---|---|
Office furniture | September 12 | $ 808,000 |
Computer equipment | February 10 | 958,000 |
Delivery truck | August 21 | 96,000 |
Qualified improvement property | September 30 | 1,527,000 |
Total | $ 3,389,000 |
What is the maximum total depreciation deduction that Chaz may deduct in 2021? (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.)
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