Question
Chaz Corporation has taxable income in 2023 of $315,000 for purposes of computing the 179 expense and acquired the following assets during the year: Asset
Chaz Corporation has taxable income in 2023 of $315,000 for purposes of computing the 179 expense and acquired the following assets during the year:
Asset | Placed in Service | Basis |
---|---|---|
Office furniture | September 12 | $ 810,000 |
Computer equipment | February 10 | 960,000 |
Delivery truck | August 21 | 98,000 |
Qualified real property (MACRS, 15 year, 150% DB) | September 30 | 1,529,000 |
Total | $ 3,397,000 |
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.
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.
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