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(Solution Download) Chaz Corporation has taxable income in 2014 of $345,000 before the A?§179 expense and acquired the


 

 

 

 

 

 

 

Chaz Corporation has taxable income in 2014 of $345,000 before

 

the A?§179 expense and acquired the following assets during the

 

year:

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Asset      

Placed in

 

Service

 

         Basis

  Office

 

furniture

 

      September 12

 

$1,200,000    

  Computer

 

equipment

 

      February 10

920,000

 

   

  Delivery truck

 

      August 21

60,000

 

   

  Total

 

$2,180,000    

 

 

 

 

 

 

 

 

What is the maximum total depreciation expense that

 

Chaz may deduct in 2014? (Use MACRS Table 1,Table 2, Table 3, Table

 

4 and Table 5.) (Take the A?§179 deduction only on the

 

Furniture. Round your answer to the nearest whole dollar

 

amount.)

 

 

maximum Total Depretation expense ??

 


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