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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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
