Chaz Corporation 170
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Urmilaben

Transcribed Image Text:Chaz Corporation has taxable income in 2023 of $1,312,650 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
Basis
$ 806,000
February 10
August 21
September 30
956,000
94,000
1,525,000
$ 3,381,000
What is the maximum total depreciation deduction that Chaz may deduct in 2023? (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.
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