Chaz Corporation has taxable income in 2023 of $1,313,200 for purposes of computing the 5179 expense and acquired the following assets during the year. Asset Office furniture Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Total Placed in Service Basis September 12 February 10 $828,000 978,000 116,000 August 21 September 30 1,547,000 $ 3,469,000 What is the maximum total depreciation deduction that Chaz may deduct in 2023? (Use MACRS Table 1. Table 2. Table 3. Table 4. and Table 5) Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction
Chaz Corporation has taxable income in 2023 of $1,313,200 for purposes of computing the 5179 expense and acquired the following assets during the year. Asset Office furniture Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Total Placed in Service Basis September 12 February 10 $828,000 978,000 116,000 August 21 September 30 1,547,000 $ 3,469,000 What is the maximum total depreciation deduction that Chaz may deduct in 2023? (Use MACRS Table 1. Table 2. Table 3. Table 4. and Table 5) Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 2BCRQ
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Transcribed Image Text:Chaz Corporation has taxable income in 2023 of $1,313,200 for purposes of computing the 5179 expense and acquired the following
assets during the year.
Asset
Office furniture
Computer equipment
Delivery truck
Qualified real property (MACRS, 15
year, 150% DB)
Total
February 101
August 21
Placed in Service
Basis
September 12
$828,000
978,000
116,000
September 30
1,547,000
$ 3,469,000
What is the maximum total depreciation deduction that Chaz may deduct in 2023? (Use MACRS Table 1. Table 2. Table 3. Table 4. and
Table 5.)
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Maximum total depreciation deduction
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