Question
Assume that TDW Corporation (calendar-year-end) has 2019 taxable income of $650,000 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 $650,000 for purposes of computing the 179 expense.The company acquired the following assets during 2019: (UseMACRS Table 1, Table 2, Table 3, Table 4 and Table 5.)
Asset Service Basis Machinery September 12 $ 2,270,000 Computer equipment February 10 263,000 Furniture April 2 880,000 Total $ 3,413,000
a) What is the maximum amount of 179 expense TDW may deduct for 2019?
b) What is the maximum total depreciation, including 179 expense, that TDW may deduct in 2019 on the assets it placed in service in 2019, assuming no bonus depreciation? (Round your intermediate calculations to the nearest whole dollar amount.)
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