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QUESTION 10 Chaz Corporation has taxable income in 2020 of $312,000 for purposes of computing the 5179 expense and acquired the following assets during the

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QUESTION 10 Chaz Corporation has taxable income in 2020 of $312,000 for purposes of computing the 5179 expense and acquired the following assets during the year: Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Placed in Service September 12 February 10 August 21 September 30 Basis $780,000 930,000 68,000 1.520.000 $3,298,000 What is the maximum total depreciation that Chaz may deduct in 20207 QUESTION 11 2 pc Acom Construction (calendar year end C-corporation) has had rapid expansion during the last half of the current year due to the housing market's recovery. The company has 55,000,000 of taxable income before the cost recovery deduction and would like to maximize its cost recovery deduction for the current year. Acom provided the following information: Assets New Equipment and Tools Used Light Duty Trucks Used Machinery Total Placed in Service August 20 October 17 November Basis $1,650,000 1,500,000 525.000 $3,675.000 The used assets had been contributed to the business by its owner in a contaxable transaction. What is Acorn's maximum cost recovery expense in the current yean

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