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Problem 10-61 (LO 10-2, LO 10-3) Chaz Corporation has taxable income in 2019 of $384,000 for purposes of computing the $179 expense and acquired the
Problem 10-61 (LO 10-2, LO 10-3) Chaz Corporation has taxable income in 2019 of $384,000 for purposes of computing the $179 expense and acquired the following assets during the year: points Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Placed in Service September 12 February 10 August 21 September 30 Basis $ 651,000 942,000 71,000 1,543,000 $3,207,000 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.) Answer is complete but not entirely correct. Maximum total depreciation $ 2,036,438 deduction Problem 10-61 (LO 10-2, LO 10-3) Chaz Corporation has taxable income in 2019 of $384,000 for purposes of computing the $179 expense and acquired the following assets during the year: points Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Placed in Service September 12 February 10 August 21 September 30 Basis $ 651,000 942,000 71,000 1,543,000 $3,207,000 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.) Answer is complete but not entirely correct. Maximum total depreciation $ 2,036,438 deduction
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