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Assume that TDW Corporation (calendar-year-end) has 2020 taxable income of $700,000 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 $700,000 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 $ 2,276,250
Computer equipment February 10 271,125
Furniture April 2 890,625
Total $ 3,438,000

a. What is the maximum amount of 179 expense TDW may deduct for 2020?

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