Chaz Corporation has taxable income in 2022 of $312,000 for purposes of computing the 179 expense and

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Chaz Corporation has taxable income in 2022 of $312,000 for purposes of computing the §179 expense and acquired the following assets during the year:

What is the maximum total depreciation deduction that Chaz may deduct in 2022?

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Taxation Of Individuals And Business Entities 2023 Edition

ISBN: 9781265790295

14th Edition

Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham

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Question Posted: Nov 15, 2022 01:43 AM

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Chaz Corporation has taxable income in 2022 of $312,000 for purposes of computing the 179 expense and

Question:

Asset Office furniture Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Total Placed in Service September 12 February 10 August 21 September 30 Basis $ 780,000 930,000 68,000 1,500,000 $3,278,000

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Taxation Of Individuals And Business Entities 2023 Edition

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