D2L McGraw Hill Connect x M Question 18 - Chapter 10 | x ezt.prod.mheducation.com x 5 ezt.prod.mheducation.com x * Search Results | Course He X Course Hero X + X C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kEZASsB... T Chapter 10 Homework Assignment i Saved Help Save & Exit Submit Check my work 18 Problem 10-61 (LO 10-2, LO 10-3) (Algo) 3.12 points Chaz Corporation has taxable income in 2024 of $1,312,550 for purposes of computing the $179 expense and acquired the following assets during the year: eBook Asset Placed in Service Basis Office furniture September 12 $ 802, 000 Print Computer equipment February 10 952, 000 Delivery truck August 21 90, 000 References Qualified real property (MACRS, 15 September 30 1, 521, 000 year, 150% DB) Total $ 3, 365, 000 What is the maximum total depreciation deduction that Chaz may deduct in 2024? (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction Mc Graw Hill Breaking news 3:49 PM rump is 'safe' a.. Q Search myhp 9/15/2024D2L McGraw Hill Connect X | M Question 18 - Chapte X ezt.prod.mheducation X ezt.prod.mheducation x S ezt.prod.mheducation x Search Results | Cour X Course Hero X + X C 2 ezt.prod.mheducation.com/Media/Connect_Production/bne/accounting/spilker_15e/ch10_table1.htm Table 1 MACRS Half-Year Convention Depreciation Rate for Recovery Period 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year Year 1 33.33% 20.00% 14.29% 10.00% 5.00% 3.750% Year 2 14.45 32.00 24.49 18.0 9.50 7.219 Year 3 14.81 19.20 17.49 14.40 3.55 6.677 Year 4 7.41 11.52 12.49 11.52 7.70 6.177 Year 11.52 8.93 .22 5.93 5.713 Year 6 5.76 3.92 7.37 5.23 5.285 Year 7 8.93 6.55 5.90 4.888 Year 8 4.46 6.55 5.90 4.522 Year 5.56 5.91 4.462 Year 10 6.55 5.90 1.461 Year 11 3.28 5.91 4.462 Year 12 5.90 4.461 Year 13 5.91 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 Year 16 2.95 4.461 Year 17 4.462 Year 18 4.461 Year 19 4.462 Year 20 4.461 Year 21 2.231 Breaking news 3:49 PM frump is 'safe' a... Q Search 9/15/2024D2L McGraw Hill Connect M Question 18 - Chapter 10 | x | ezt.prod.mheducation.com x ezt.prod.mheducation.com x Search Results | Course He X Course Hero X + X G ezt.prod.mheducation.com/Media/Connect_Production/bne/accounting/spilker_15e/ch10_table2.htm TABLE 2a MACRS Mid-Quarter Convention: For property placed in service during the first quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 35.00% 25.00% Year 2 26.00 21.43 Year 3 15.60 15.31 Year 4 11.01 10.93 Year 5 11.01 3.7: Year 6 1.38 3.74 Year 7 8.75 Year 8 1.09 TABLE 2b MACRS Mid-Quarter Convention: For property placed in service during the second quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 25.00% 17.85% Year 2 30.00 23.47 Year 3 18.00 16.76 Year 4 11.37 11.97 Year 5 11.37 8.87 Year 6 4.26 8.87 Year 7 3.8 Year 8 3.34 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 15.00% 10.71% 1 76.F 3:50 PM Cloudy Q Search 9/15/2024D2L McGraw Hill Connect M Question 18 - Chapter 10 | x 5 ezt.prod.mheducation.com x ezt.prod.mheducation.com x Search Results | Course He X Course Hero X + X G go ezt.prod.mheducation.com/Media/Connect_Production/bne/accounting/spilker_15e/ch10_table2.htm Year 4 11.3 11.y Year 5 11.37 3.8 Year 6 4.2 8.8 Year 3.8 Year 8 3.34 TABLE 2c MACRS Mid-Quarter Convention: For property placed in service during the third quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 13.00% 10.71% Year 2 34.00 25.51 Year 3 20.40 18.22 Year 4 12.24 13.02 Year 11.30 .30 Year 6 7.06 8.85 Year 8.86 Year 8 5.53 E 2d MACRS-Mid Quarter Convention: For property placed in service during the fourth quarter Depreciation Rate for Recovery Period 5-Year 7-Year Year 1 5.00% 3.57% Year 2 38.00 27.55 Year 3 22.80 19.68 Year 4 13.68 14.06 Year 5 10.94 10.04 Year 6 9.58 3.73 Year 7 3.73 Year 8 7.64 1 76.F 3:50 PM Cloudy Q Search 9/15/2024D2L McGraw Hill Connect M Question 18 - Chapter 10 | x ezt.prod.mheducation.com x ezt.prod.mheducation.com x *Search Results | Course He X Course Hero X + X C ezt.prod.mheducation.com/Media/Connect_Production/bne/accounting/spilker_15e/ch10_table3.htm TABLE 3 Residential Rental Property Mid-Month Convention Straight Line-27.5 Years Month Property Placed in Service Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Year 1 3.485% 3.182% 2.879% 2.576% 2.273% 1.970% 1.667% 1.364% 1.061% 0.758% 0.455% 0.152% Year 2-9 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 3.636 Year 10 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 11 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 12 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 13 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.63 3.637 3.637 3.637 3.637 Year 14 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 15 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 16 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 17 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 18 3.637 3.637 3.637 3.63 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 19 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 20 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 21 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 22 3.637 3.637 3.63 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 23 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 24 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 25 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 26 3.637 3.637 3.637 3.637 3.637 3.637 3.636 3.636 3.636 3.636 3.636 3.636 Year 27 3.636 3.636 3.636 3.636 3.636 3.636 3.637 3.637 3.637 3.637 3.637 3.637 Year 28 1.97 2.273 2.576 2.879 3.182 3.485 3.636 3.636 3.636 3.636 3.636 3.636 Year 29 0.152 0.455 0.758 1.061 1.364 1.667 1 76.F Cloudy Q Search myhp 3:50 PM 9/15/2024