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Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $694,000 for purposes of computing the 179 expense. The company acquired the following assets
Assume that TDW Corporation (calendar year-end) has 2022 taxable income of $694,000 for purposes of computing the 179 expense. The company acquired the following assets during 2022: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
Asset Placed in Service Basis
Machinery September 12 $ 2,275,500
Computer equipment February 10 $ 270,150
Furniture April 2 $ 889,350
Total $ 3,435,000
a. What is the maximum amount of 179 expense TDW may deduct for 2022?
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