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

Chaz Corporation has taxable income in 2019 of $426,000 for purposes of computing the 179 expense and acquired the following assets during the year:

	Placed in
Asset	Service		Basis
Office furniture	September 12	$	781,000
Computer equipment	February 10		910,000
Delivery truck	August 21		55,000
Qualified improvement property	September 30		1,511,000
Total		$	3,257,000

What is the maximum total depreciation deduction that Chaz may deduct in 2019? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

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

Chaz Corporation has taxable income in 2019 of $426,000 for purposes of computing the 179 expense and acquired the following assets during the year:

	Placed in
Asset	Service		Basis
Office furniture	September 12	$	781,000
Computer equipment	February 10		910,000
Delivery truck	August 21		55,000
Qualified improvement property	September 30		1,511,000
Total		$	3,257,000

What is the maximum total depreciation deduction that Chaz may deduct in 2019? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

Maximum total depreciation deduction