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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