Question
Assume that TDW Corporation (calendar-year-end) has 2016 taxable income of $650,000 before the 179 expense and acquired the following assets during 2016: (Use MACRS Table
Assume that TDW Corporation (calendar-year-end) has 2016 taxable income of $650,000 before the 179 expense and acquired the following assets during 2016: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Placed in Asset Service Basis Machinery October 12 $ 1,270,000 Computer equipment February 10 263,000 Furniture April 2 880,000 Total $ 2,413,000 a. What is the maximum amount of 179 expense TDW may deduct for 2016? What is the maximum total depreciation expense, including 179 expense, that TDW may deduct in 2016 on the assets it placed in service in 2016 assuming no bonus depreciation? (Please show how it is worked out with 2016 info)
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