Chaz Corporation has taxable income in 2021 of $315,800 for purposes of computing the $179 expense...
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Chaz Corporation has taxable income in 2021 of $315,800 for purposes of computing the $179 expense and acquired the following assets during the year: Asset Placed in Service September 12 Office furniture Basis $818,000 Computer equipment 968,000 February 10 August 21 Delivery truck 106,000 1,537,000 Qualified improvement property September 30 Total $ 3,429,000 What is the maximum total depreciation deduction that Chaz may deduct in 2021? ar and final answer to the nearest Chaz Corporation has taxable income in 2021 of $315,800 for purposes of computing the $179 expense and acquired the following assets during the year: Asset Placed in Service September 12 Office furniture Basis $818,000 Computer equipment 968,000 February 10 August 21 Delivery truck 106,000 1,537,000 Qualified improvement property September 30 Total $ 3,429,000 What is the maximum total depreciation deduction that Chaz may deduct in 2021? ar and final answer to the nearest
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Answer rating: 100% (QA)
Answer is 3429000 Quarter Assets Amount 179 deduction Balance Bonus Depreciation 100 Bal... View the full answer
Related Book For
Essentials of Federal Taxation 2019
ISBN: 9781260190045
10th edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Posted Date:
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