Chaz Corporation has taxable income in 2022 of $314,200 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 (ACRS, 15 year, 150% DB) Total Placed in Service September 12 February 10 August 21 September 30 Maximum total depreciation deduction Basis $ 802,000 952,000 90,000 1,521,000 $3,365,000 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. 754,450

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Chaz Corporation has taxable income in 2022 of $314,200 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 (ACRS, 15
year, 150% DB)
Total
Placed in Service
September 12
February 10
August 21
September 30
Maximum total depreciation deduction
Basis
$ 802,000
952,000
90,000
1,521,000
$ 3,365,000
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.
$754.450
4
Transcribed Image Text:Chaz Corporation has taxable income in 2022 of $314,200 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 (ACRS, 15 year, 150% DB) Total Placed in Service September 12 February 10 August 21 September 30 Maximum total depreciation deduction Basis $ 802,000 952,000 90,000 1,521,000 $ 3,365,000 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. $754.450 4
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