Chaz Corporation has taxable income in 2020 of $372,000 for purposes of computing the §179 expense...

Chaz Corporation has taxable income in 2020 of $372,000 for purposes of computing the §179 expense and acquired the following assets during the year:

	Placed in
Asset	Service		Basis
Office furniture	September 12	$	681,000
Computer equipment	February 10		936,000
Delivery truck	August 21		68,000
Qualified improvement property	September 30		1,537,000
Total		$	3,222,000

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.)

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ekkarill92 answered 1 year ago

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