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Chester, Inc. purchased and placed in service the following items in 2020 Apartment Building In-service 10/15 $1,500,000 Office Furniture In-service 6/30 $20,000 Printer In-service 11/25

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Chester, Inc. purchased and placed in service the following items in 2020 Apartment Building In-service 10/15 $1,500,000 Office Furniture In-service 6/30 $20,000 Printer In-service 11/25 $3000 Parking Lot In-service 7/25 $55,000 Chester's taxable income before any depreciation expense (including bonus and $179) is $60,000. What is the maximum depreciation expense Chester, Inc. can take, including accelerated depreciation? $89,370 b. $37,120 c. $60.000 None of these $17,153

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