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Problem 1 0 - 6 1 ( LO 1 0 - 2 , LO 1 0 - 3 ) ( Algo ) Chaz Corporation has

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Problem 10-61(LO 10-2, LO 10-3)(Algo)
Chaz Corporation has taxable income in 2021 of $312,600 for purposes of computing the $179 expense and acquired the following assets during the year:
\table[[Asset,Placed in Service,Basis],[Office furniture,September 12,$786,000
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