Chaz Corporation has taxable income in 2018 of $452,000 forpurposes of computing the §179 expense and acquired the followingassets during the year:
Assume that the qualified improvement property has satisfiedthe conditions mentioned under Section 179(f)(2).
Placed in
Asset Service Basis
Office furniture September 12 $ 781,000
Computer equipment February 10 906,000
Delivery truck August 21 53,000
Qualified improvement property September 30 1,507,000
Total $ 3,247,000
What is the maximum total depreciation deduction that Chaz maydeduct in 2018? (Use MACRS Table 1, Table 2, Table 3, Table 4 andTable 5.)
