Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2022 of $315,400 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 Maximum total depreciation deduction Basis $ 814,000 964,000 102,000 1,533,000 $ 3,413,000 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.
Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2022 of $315,400 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 Maximum total depreciation deduction Basis $ 814,000 964,000 102,000 1,533,000 $ 3,413,000 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.
Chapter17: Property Transactions: §1231 And Recapture Provisions
Section: Chapter Questions
Problem 41P
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