Question: Please help CARES Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2020 of $500,000 for purposes of computing the $179

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Please help CARES Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation

CARES Problem 2-61 (LO 2-2, LO 2-3) (Algo) Chaz Corporation has taxable income in 2020 of $500,000 for purposes of computing the $179 expense and acquired the following assets during the year: Assume CARES Act applies. Placed in Asset Service Basis Office furniture September 12 $ 781,000 Computer equipment February 10 900,090 Delivery truck August 21 50,900 Qualified improvement September 30 1, 501, 000 property Total $ 3, 232, 000 What is the maximum total depreciation deduction that Chaz may deduct in 2020? (Use MACRS Table 1, Table 2. Table 3, Table 4 and Table 5.) (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Maximum total depreciation deduction

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