61. Chaz Corporation has taxable income in 2019 of $312,000 for purposes of computing the 179 expense

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61. Chaz Corporation has taxable income in 2019 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 Chaz may deduct in 2019?

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Taxation Of Individuals And Business Entities 2020

ISBN: 9781259969614

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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