In: Accounting
Chaz Corporation has taxable income in 2016 of $344,000 before the §179 expense and acquired the following assets during the year:
Placed in | |||
Asset | Service | Basis | |
Office furniture | September 12 | $ | 1,210,000 |
Computer equipment | February 10 | 922,000 | |
Delivery truck | August 21 | 61,000 | |
Total | $ | 2,193,000 |
What is the maximum total depreciation expense that Chaz may deduct in 2016? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)