Chaz Corporation has taxable income in 2023 of $1,312,000 for purposes of computing the §179 expense and acquired the following assets during the year: Asset Placed in Service Basis Office furniture September 12 $780,000 Computer equipment February 10 930,000 Delivery truck August 21 68,000 Qualified real property (MACRS, 15 year, 150% DB) September 30 1,500,000 Total $ 3,278,000 What is the maximum total depreciation deduction that Chaz may deduct in 2023?
Chaz Corporation has taxable income in 2023 of $1,312,000 for purposes of computing the §179 expense and acquired the following assets during the year: Asset Placed in Service Basis Office furniture September 12 $780,000 Computer equipment February 10 930,000 Delivery truck August 21 68,000 Qualified real property (MACRS, 15 year, 150% DB) September 30 1,500,000 Total $ 3,278,000 What is the maximum total depreciation deduction that Chaz may deduct in 2023?
Chapter10: Cost Recovery On Property: Depreciation, Depletion, And Amortization
Section: Chapter Questions
Problem 44P
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