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Problem 10-61 (LO 10-2, LO 10-3) (Algo) Chaz Corporation has taxable income in 2020 of $361,000 for purposes of computing the 179 expense and acquired

Problem 10-61 (LO 10-2, LO 10-3) (Algo)

Chaz Corporation has taxable income in 2020 of $361,000 for purposes of computing the 179 expense and acquired the following assets during the year:

Placed in
Asset Service Basis
Office furniture September 12 $ 761,000
Computer equipment February 10 920,000
Delivery truck August 21 60,000
Qualified improvement property September 30 1,521,000
Total $ 3,262,000

What is the maximum total depreciation deduction that Chaz may deduct in 2020? (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.)

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