haz Corporation has taxable income in 2021 of $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 improvement property September 30 1,500,000 Total   $ 3,278,000   What is the maximum total depreciation deduction that Chaz may deduct in 2021?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Chaz Corporation has taxable income in 2021 of $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 improvement property September 30 1,500,000
Total   $ 3,278,000

 

What is the maximum total depreciation deduction that Chaz may deduct in 2021?

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