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Assume that TDW Corporation (calendar year end) has 2019 taxable income of $650,000 before the 179 expense, acquired the following assets during 2019: Asset Placed

Assume that TDW Corporation (calendar year end) has 2019 taxable income of $650,000 before the 179 expense, acquired the following assets during 2019:

Asset

Placed in Service

Basis

Machinery

October 12

$2,260,000

Computer Equipment

February 10

263,000

Furniture

April 2

880,000

Total

$3,403,000

What is the maximum amount of 179 expense TDW may deduct for 2019?

The answer 650000 is incorrect

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