Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2022 of $315,400 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 Maximum total depreciation deduction Basis $ 814,000 964,000 102,000 1,533,000 $ 3,413,000 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.
Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2022 of $315,400 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 Maximum total depreciation deduction Basis $ 814,000 964,000 102,000 1,533,000 $ 3,413,000 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Problem 2-61 (LO 2-2, LO 2-3) (Algo)
Chaz Corporation has taxable income in 2022 of $315,400 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
Maximum total depreciation deduction
Basis
$814,000
964,000
102,000
1,533,000
$ 3,413,000
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.
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