Question
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?
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Top Accounting And Auditing Issues For 2021 CPE Course
Authors: CCH Tax Law Editors
1st Edition
0808055348, 978-0808055341
