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Tax year 2021 I have tried calculating with both 179 and Bonus 21 Chaz Corporation has taxable income in 2021 of $316,800 for purposes of
Tax year 2021
I have tried calculating with both 179 and Bonus
21 Chaz Corporation has taxable income in 2021 of $316,800 for purposes of computing the $179 expense and acquired the following assets during the year: 2 points Asset Basis Office furniture Computer equipment Delivery truck Qualified improvement property Placed in Service September 12 February 10 August 21 September 30 $ 828,000 978,000 116,000 1,547,000 Total 3,469,000 What is the maximum total depreciation deduction that Chaz may deduct in 2021? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your intermediate calculations and final answer to the nearest whole dollar amount.) X Answer is complete but not entirely correct. Maximum total depreciation deduction $ 613,614 XStep by Step Solution
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