Question
Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $682,000 for purposes of computing the 179 expense.The company acquired the following assets during 2019:
Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $682,000 for purposes of computing the 179 expense.The company acquired the following assets during 2019: (UseMACRSTable 1,Table 2,Table 3,Table 4andTable 5.)
Asset Placed in Service Basis
Machinery September 12 $2,274,000
Computer equipment February 10 268,200
Furniture April 2 886,800
Total$3,429,000
a.What is the maximum amount of 179 expense TDW may deduct for 2019?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
