vi.3 Chaz Corporation has taxable income in 2023 of $1,312,650 for purposes of computing the§179 expense and acquired the following assets during the year:AssetOffice furnitureComputer equipmentDelivery truckQualified real property (MACRS,15 year, 150% DB)TotalPlaced inServiceSeptember 12Basis$ 806,000February 10August 21September 30956,00094,0001,525,000$ 3,381,000What is the maximum total depreciation deduction that Chaz may deduct in 2023? (UseMACRS Table 1, Table 2, Table 3, Table 4, and Table 5.)Note: Round your intermediate calculations and final answer to the nearest whole dollaramount.

MACRS:MACRS= Modified Accelerated Cost Recovery SystemThe modified accelerated cost recovery system…

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: Placed in Asset Office furniture Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Service September 12 February 10 September 30 August 21 Total Basis $ 806,000 956,000 94,000 1,525,000 $ 3,381,000

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: Placed in Asset Office furniture Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Service September 12 February 10 September 30 August 21 Total Basis $ 806,000 956,000 94,000 1,525,000 $ 3,381,000

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions

Section: Chapter Questions

Problem 74P

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Chaz Corporation has taxable income in 2023 of $1,312,250 for purposes of computing the §179 expense and acquired the following assets during the year: Placed in Asset Office furniture Computer equipment Delivery truck Qualified real property (MACRS, 15 year, 150% DB) Total Service September 12 February 10 August 21 September 30 Basis $ 790,000 940,000 78,000 1,509,000 $ 3,317,000 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. Maximum total depreciation deduction
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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 February 10 August 21 September 30 Basis $ 806,000 956,000 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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Chaz Corporation has taxable income in 2023 of $1,312,450 for purposes of computing the §179 expense and acquired the following assets during the year: Asset Placed in Service Office furniture September 12 Computer equipment February 10 Delivery truck August 21 Qualified real property (MACRS, 15 year, 150% DB) September 30 Total Basis $ 798,000 948,000 86,000 1,517,000 $ 3,349,000 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. J'ai besoin d'aide
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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 (MACRS, 15 year, 150% DB) Total Placed in Service September 12 February 10 August 21 September 30 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.)