In: Accounting
Chaz Corporation has taxable income in 2018 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 2018? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)