Question

Chaz Corporation has taxable income in 2017 of $500,000 for purposes of computing the §179 expense...

Chaz Corporation has taxable income in 2017 of $500,000 for purposes of computing the §179 expense and acquired the following assets during the year:

Placed in
Asset Service Basis
Office furniture September 12 $ 1,100,000
Computer equipment February 10 900,000
Delivery truck August 21 50,000
Total $ 2,050,000

What is the maximum total depreciation expense that Chaz may deduct in 2017? (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) (Round your answer to the nearest whole dollar amount.)

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