Chaz Corporation has taxable income in 2015 of $312,000 before the §179 expense and acquired the following

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Chaz Corporation has taxable income in 2015 of $312,000 before the §179 expense and acquired the following assets during the year:
Placed in Service September 12 February 10 August 21 Basis Asset Office furniture Computer equipment Delivery truck Tota

What is the maximum total depreciation expense that Chaz may deduct in 2015 (assume that the 2014 §179 limits and bonus depreciation are extended to 2015)?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Taxation Of Individuals And Business Entities 2016

ISBN: 9781259334870

7th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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