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Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $700,000 for purposes of computing the 179 expense. The company acquired the following assets

Assume that TDW Corporation (calendar year-end) has 2021 taxable income of $700,000 for purposes of computing the 179 expense. The company acquired the following assets during 2021: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)

Asset Placed in Service Basis
Machinery September 12 $ 2,276,250
Computer equipment February 10 271,125
Furniture April 2 890,625
Total $ 3,438,000

a. What is the maximum amount of 179 expense TDW may deduct for 2021?

b. What is the maximum total depreciation, including 179 expense, that TDW may deduct in 2021 on the assets it placed in service in 2021, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

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