Chaz Corporation has taxable income in 2022 of $315,600 for purposes of computing the §179 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 September 12 February 10 August 21 September 30 Basis $ 816,000 966,000 104,000 1,535,000 $ 3,421,000 What is the maximum total depreciation deduction that Chaz may deduct in 2022? (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 Answer is complete but not entirely correct. $ 1,050,000
Chaz Corporation has taxable income in 2022 of $315,600 for purposes of computing the §179 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 September 12 February 10 August 21 September 30 Basis $ 816,000 966,000 104,000 1,535,000 $ 3,421,000 What is the maximum total depreciation deduction that Chaz may deduct in 2022? (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 Answer is complete but not entirely correct. $ 1,050,000
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 2022 of $315,600 for purposes of computing the §179 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
September 12
February 10
August 21
September 30
Basis
$ 816,000
966,000
104,000
1,535,000
$ 3,421,000
What is the maximum total depreciation deduction that Chaz may deduct in 2022? (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
X Answer is complete but not entirely correct.
$ 1,050,000 X
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