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Chaz Corporation has taxable income in 2021 of $316,800 for purposes of computing the $179 expense and acquired the following assets during the year: Office
Chaz Corporation has taxable income in 2021 of $316,800 for purposes of computing the $179 expense and acquired the following assets during the year: Office furniture Placed in Service. September 12 Asset Basis $ 828,000 Computer equipment Delivery truck Qualified improvement property Total February 10 August 21 September 30 978,000 116,000 1,547,000 $ 3,469,000 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.) Maximum total depreciation deduction 1,040,000 < Prev 7 of 17 Next >
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