Question
Assume that TDW Corporation (calendar-year-end) has 2023 taxable income of $682,000 for purposes of computing the 179 expense. The company acquired the following assets
Assume that TDW Corporation (calendar-year-end) has 2023 taxable income of $682,000 for purposes of computing the 179 expense. The company acquired the following assets during 2023: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Asset Machinery Computer equipment Furniture Placed in Service September 12 February 10 April 2 Total Basis $ 2,274,000 268,200 886,800 $ 3,429,000 a. What is the maximum amount of $179 expense TDW may deduct for 2023? Maximum 179 expense deductible
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McGraw Hills Essentials Of Federal Taxation 2024
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
15th Edition
1265364656, 978-1265364656
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