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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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