Question
Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $684,000 for purposes of computing the 179 expense. The company acquired the following assets during
Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $684,000 for purposes of computing the 179 expense. The company acquired the following assets during 2020: (Use MACRS Table 1, Table 2, Table 3, Table 4 and Table 5.) Placed in Asset Service Basis Machinery September 12 $ 2,274,250 Computer equipment February 10 268,525 Furniture April 2 887,225 Total $ 3,430,000 b. What is the maximum total depreciation, including 179 expense, that TDW may deduct in 2020 on the assets it placed in service in 2020, assuming no bonus depreciation? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
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