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Stone Corporation has taxable income in 2020 of $312,000 for purposes of computing the 179 expense and acquired the following assets during the year: Asset
Stone Corporation has taxable income in 2020 of $312,000 for purposes of computing the 179 expense and acquired the following assets during the year:
| Asset | Placed in Service | Basis |
| Office Furniture | September 12 | $780,000 |
| Computer equipment | February 10 | 930,000 |
| Delivery Truck | August 21 | 68,000 |
| Qualified improvement property | September 30 | 1,500,000 |
| Total | $3,278,000 |
What is the maximum TOTAL depreciation deduction that Stone may deduct in 2020?
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