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Chaz Corporation has taxable income in 2017 of $400,000 for purposes of computing the §179 expense and acquired the following assets during the year:
Placed in AssetService BasisOffice furnitureSeptember 12$1,170,000Computer equipmentFebruary 10 914,000Delivery truckAugust 21 57,000Total $2,141,000
What is the maximum total depreciation expense that Chaz may deduct in 2017?
property placed in servicethreashold for 179 phase outphase out of maximum 179 expensemAximum 179 expnese before phase outphase out of maximum 179 expensemAximum 179 expneseafter phase out…
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