QUESTION 10 Chaz Corporation has taxable income in 2020 of 5312,000 for purposes of computing the 5179 expense and acquired the following assets during the year Basis $780 000 Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Placed in Service September 12 February 10 August 21 September 30 930,000 68,000 1 490 000 $3 268,000 What is the maximum total depreciation that Chazmay deduct in 20207 QUESTION 11 Acor Construction (calendar year end corporation has had rapid expansion during the last half of the current year due to the housing markets recovery The company has $5 000 000 of taxable income before the cost recovery deduction and would like to maximize its cost recovery deduction for the current year Acorn provided the following information Basis Assets New Equipment and Tools Used Light Duty Trucks Used Machinery Total Placed in Service August 20 October 17 November $1,750,000 1 500 000 525 000 $3 775 000 The used assets had been contributed to the business by its owner in a nontaxable transaction What is Acor max cost recovery expense in the current year

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QUESTION 10 Chaz Corporation has taxable income in 2020 of 5312,000 for purposes of computing the 5179 expense and acquired the following assets during the year Basis $780 000 Asset Office furniture Computer equipment Delivery truck Qualified improvement property Total Placed in Service September 12 February 10 August 21 September 30 930,000 68,000 1 490 000 $3 268,000 What is the maximum total depreciation that Chazmay deduct in 20207 QUESTION 11 Acor Construction (calendar year end corporation has had rapid expansion during the last half of the current year due to the housing markets recovery  The company has $5 000 000 of taxable income before the cost recovery deduction and would like to maximize its cost recovery deduction for the current year  Acorn provided the following information Basis Assets New Equipment and Tools Used Light Duty Trucks Used Machinery Total Placed in Service August 20 October 17 November $1,750,000 1 500 000 525 000 $3 775 000 The used assets had been contributed to the business by its owner in a nontaxable transaction What is Acor max cost recovery expense in the current year

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QUESTION 10 Chaz Corporation has taxable income in 2020 of 5312,000 for purposes of computing the 5179 expense and acquired the following assets during the

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