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What is the maximum total depreciation deduction? Chaz Corporation has taxable income in 2020 of $312,000 for purposes of computing the $179 expense and acquired

What is the maximum total depreciation deduction?

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Chaz Corporation has taxable income in 2020 of $312,000 for purposes of computing the $179 expense and acquired the following assets during the year: Assume CARES Act applies. Placed in Asset Service Basis Office furniture September 12 $ 780,000 Computer equipment February 10 930,000 Delivery truck August 21 68, 090 Qualified improvement September 30 1, 500, 000 property Total $ 3, 278,000 What is the maximum total depreciation deduction that Chaz may deduct in 2020? (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.) Maximum total depreciation deduction $ 292,000

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