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Chaz Corporation has taxable income in 2016 of $380000 before the §179 expense and acquired the following assets during the year Placed in Asset Service Basis Office furniture September

Chaz Corporation has taxable income in 2016 of $380,000 before the §179 expense and acquired the following assets during the year:

Placed in Asset Service Basis

Office furniture: September 12, $ 1,300,000

Computer equipment: February 10, 940,000

Delivery truck: August 21, 70,000

Total $ 2,310,000

What is the maximum total depreciation expense that Chaz may deduct in 2016? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

Aug 11 2020 View more View Less

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