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Assume that TDW Corporation (calendar-year-end) has 2017 taxable income of $650,000 for purposes of computing the 179 expense and acquired the following assets during 2017:

Assume that TDW Corporation (calendar-year-end) has 2017 taxable income of $650,000 for purposes of computing the 179 expense and acquired the following assets during 2017: (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 2017?

b. What is the maximum total depreciation expense, including 179 expense, that TDW may deduct in 2017 on the assets it placed in service in 2017 assuming no bonus depreciation

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