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Chaz Corporation has taxable income in 2023 of $1,312,200 for purposes of computing the $179 expense and acquired the following assets during the year:
Chaz Corporation has taxable income in 2023 of $1,312,200 for purposes of computing the $179 expense and acquired the following assets during the year: Asset Office furniture Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Total Placed in Service September 12 February 10 August 21 September 30 Basis $ 788,000 938,000 76,000 1,507,000 $ 3,309,000 What is the maximum total depreciation deduction that Chaz may deduct in 2023? (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction $ 400,755 Assessment Tool iFrame
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